Market Analysis

December 8th, 2011 9:35 AM

Bonds improved yesterday on investor nervousness in front of a key European summit that begins today and will conclude on Friday.  This morning US Treasury bonds opened flat and mortgage-backed securities were weaker on a stronger than expected weekly Initial Jobless Claims report but since then bond markets have moved just positive of breakeven on weakness in stocks. 

In economic news, Initial Jobless Claims for the week ended 12/3 came in at 381,000 which was lower than the 395,000 expected.

Posted by Matthew Breston on December 8th, 2011 9:35 AMPost a Comment (0)
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