Weekly Unemployment Claims (every Thursday)
Tomorrow has no monthly or quarterly economic data to be concerned with. Besides the 30-year Bond auction, we will also get last week’s unemployment figures. They are expected to show that 231,000 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.