Reply To: Traders Market Weekly: Inflation and the Fed

#49036
Truman
Participant

Initial claims for the week ending December 3 increased by 4,000 to 230,000 (consensus 220,000) and continuing claims for the week ending November 26 increased by 62,000 to 1.671 million.

The key takeaway from the report is that continuing jobless claims hit their highest level since February 2022, suggesting perhaps that it is becoming more difficult to find a job as employers are taking a more cautious-minded approach with their hiring plans.

Treasury yields rose noticeably recently.

The 10-yr note yield is up seven basis points to 3.49% and the 2-yr note yield is up seven basis points to 4.31%.