Thursday, December 3, 2020

Daily Market Report 12/3/20  The Initial Jobless Claims reported fewer claims last week, which 712k people applied for first time benefits.  Last week's report was revised higher, from 778k to 787k.  Also, people are leaving the Unemployment, as Continuing Benefits dropped from approximately 6 million to 5.5 million.  ISM Non Manufacturing shrunk from 56.6 to 55.9 in November.  Stocks are Up this morning, as they review the good jobs data today.  MBS is Up 3bps, so there wasn't any movement with Mortgage Rates from yesterday's pricing.  Yields have dipped down to 0.92%.

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