Bond markets opened down but have since moved into positive territory on a drop in the August Philadelphia Fed Business Conditions Index which was negative 7.7 vs an expected positive 7.5 reading and a 5.1 reading in July.  Stocks which were flat moved down on that news.  In other economic news, Initial Jobless Claims for the week ended 8/14/10 were up to 500,000 vs the 475,000 expected.  Continuing Claims for the week ended 8/7/10 were down to 4.478 million from a revised 4.491 million from the prior week.  Analysts had expected the Continuing Claims # to increase to 4.5 million.  The Conference Board's July Leading Indicators came in up .1% vs the .2% increase expected.