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Early#Bonds: Treasury yields turned higher in response to the Initial claims at lowest level since mid-May when the S&P 500
#Yields
2-yr: +10 bps to 4.85% at 4.81% prior
10-yr: +8 bps to 3.82% at 3.78% prior
3-yr: +10 bps to 4.43%
5-yr: +10 bps to 4.08%
30-yr: +4 bps to 3.88%Key takeaway from this report is that it connotes continued strength in the labor market and presumably not much fear about an imminent and material drop-off in end demand knowing that initial jobless claims are a leading indicator.
Natural gas prices rallied after the latest storage report as record temperatures hit the U.S. The EIA reported a lower-than-expected build of 41 Bcf
[See the full post at: Into the Vortex – Natural Gas Traders Outlook for The Week Ahead]
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