Thursday: Unemployment Claims, ISM non-Mfg Survey

From Matthew Graham at Mortgage News Daily: Mortgage Rates Pushing Important Boundary

Mortgage rates continued farther into to the highest levels since early February today. …

… 10yr Treasury yields ended the day at 1.84% and today’s most prevalent conventional 30yr fixed rate quote is right on the edge of a move back up to 3.75% after a stable run at 3.625%.

Thursday:
• At 8:30 AM ET, the initial weekly unemployment claims report will be released.  The consensus is for 270 thousand initial claims, down from 272 thousand the previous week.

• At 10:00 AM, Manufacturers’ Shipments, Inventories and Orders (Factory Orders) for January. The consensus is a 2.0% increase in orders.

• Also at 10:00 AM, the ISM non-Manufacturing Index for February. The consensus is for index to decrease to 53.1 in February from 53.5 in January.

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