Weekly Unemployment Claims (every Thursday)
Tomorrow has two minor pieces of data set for release. The first is last week’s unemployment figures at 8:30 AM ET. They are expected to show that 218,000 new claims for unemployment benefits were filed last week. Rising claims is a sign of employment sector weakness, so the higher the number tomorrow, the better the news it is for bonds and mortgage rates. However, because this is only a weekly snapshot, don’t expect mortgage rates to have a significant reaction.