|10-Year: +3/32....%.... GNMAs: .... USD/JPY: 112.59.... EUR/USD: 1.1798|
-- Government shutdown-related headlines could invite intraday volatility
-- November Challenger Job Cuts (actual: 30.1%; previous -3.0%)
-- Weekly Initial Claims (actual: 236K; Briefing.com consensus: 240K; previous: 238K) and Continuing Claims (actual: 1908K; previous: 1960K)
-- Weekly natural gas inventories (actual: 2 bcf; previous: -33 bcf)
-- October Consumer Credit (actual: $20.50 billion; Briefing.com consensus: $17.00 billion; previous: $19.20 billion)
- Initial claims for the week ending December 2 decreased by 2,000 to 236,000 (Briefing.com consensus 240,000), leaving them below 300,000 for the 144th straight week. Continuing claims for the week ending November 25 decreased by 52,000 to 1.908 million.
- The four-week moving average for initial claims decreased by 750 to 241,500
- The four-week moving average for continuing claims increased by 1,000 to 1,912,750
- The initial claims report has been glossed over by market participants who have their labor market sights set on the November Employment Situation report, which will be released before the open on Friday.
- Yield check:
- 2-yr: +1 bp to 1.81%
- 5-yr: UNCH at 2.12%
- 10-yr: UNCH at 2.33%
- 30-yr: -1 bp to 2.71%