Weekly initial jobless claims fell 4,000 to 315,000, meeting expectations. There was a bias in the bond market toward a flattening of the yield curve. Trading was cautious partly because many were waiting for any signs of the future course for monetary policy from the Kansas City Fed's annual central bank symposium. Overnight, Chicago Fed President Moskow voiced concerns over inflation and a potential decline in housing prices.
Markets & Finance
Treasuries Finish Mixed
From S&P MarketScope: Treasuries finished a fairly listless session mixed. The 10-year note edged up 03/32 to 100-25/32 for a yield of 4.15%. The 30-year bond rose 14/32 to 115-16/32 for a yield of 4.36%. Treasuries bills edged down.