FYI: Somewhat overshadowed by the big and relentless declines in risk assets, today’s read on jobless claims came in much better than expected. While economists were forecasting first-time claims to come in at a level of 280K, the actual reading came in 269K. That’s the lowest weekly level since mid-December and 25K below the mid-January high of 294K. ON any other day, you might have expected a big sell-off in treasuries, but that really hasn’t been the case today.
Regards,
Ted
https://www.bespokepremium.com/think-big-blog/seven-week-low-in-jobless-claims/
