Market Snapshot: Initial Jobless Claims Data
Following today’s Initial Jobless Claims report, yields on the 10-Year US Treasury benchmark experienced some volatility, according to data from Tradeweb. Jobless claims increased by 24,000 to 329,000 in the week ending April 19, the largest weekly gain in unemployment claims since December of 2013.
The bid yield on the 10-year US Treasury bond immediately fell from its intraday high of 2.731% at 8:53 AM ET to 2.686 by 9:48 AM ET. The current yield on the 10-Year is 2.690% as of 3:24 PM ET
The chart below is based on indicative, real-time data from Tradeweb.
CHART 1: US Treasury 10-Year Bond Yields – April 23, 2014-April 24 2014 (2-Day Intraday View)