Bonds improved late yesterday on stock market weakness and are deteriorating this morning on stock market strength.  In economic news, stocks are responding to the news that Continuing Jobless Claims for the week ended 5/29/10 were down to 4.462 million vs expectations for a 4.6 million number.  This is the lowest level of continuing claims since December 2008.  While Continuing Claims came in better than expected,  Initial Jobless Claims for the week ended 6/5 came in worse than expected.  They dropped 3,000 to 456,000 vs expectations for a drop to the 450,000 level. In other news, British Petroleum (BP) said that claims that they may be forced into bankruptcy are unjustified.  This is helping energy shares move higher.