http://MikesDailyMarketReport.com: Weekly Jobless Claims rose by 4k from previous report to 210k, which is still a very strong number. This week's report carries more weight because it is the "sample" week, which is used toward the calculation for the Bureau of Labors Jobs numbers due March 6th. The manufacturing in the Philadelphia region was on fire in February, as the Philly Fed Index rose to 36.7, which is a 2 year high. Also, the Economic Leading Indicators rose by 0.8% in February. Currently, Stocks have slid into the Red this morning, as more concerns over the coronavirus. Investors are starting to realize they may have underestimated it's impact globally. There was a merger announced between Morgan Stanley and E Trade today. MBS is enjoying a bit of flight to safety, as it is Up 8bps. It's not quite there for any improvements (but very close). So, Mortgage Rates remain Unchanged. Yields are falling, which the 10 year is currently at 1.52%. After being propped up with Treasury purchases by the Fed, now were starting to see some Inverted Yield Curves. We'll watch to see if this continues.
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