- Treasury prices briefly tumbled following a plunge in initial jobless claims bringing the total below 300K for the first time in more than 7 years, but the Labor Dept. says faulty reporting by two states in the midst of computer upgrades was responsible for the drop (why even report the number then?).
- The 10-year yield is about back to where it was, off 2 basis points at 2.88%.
- TLT +0.3% premarket.
- Treasury ETFs: TLH, TLT, IEF, DTYL, DLBL, ILTB, TENZ, ITE, TLO, EDV, VGIT, VGLT, TMF, TYD, LBND, UBT, UST, TMV, TYO, DSTJ, DSXJ, SBND, PST, TBT, DTYS, DLBS, TBF, TTT, TYNS, TYBS, TBX.
Faulty reporting causes plunge in jobless claims
Sep 12 2013, 08:48 ET