Quicken Loans Capital Markets Update – Initial and Continuing Jobless Claims Falling

Quicken Loans Capital Markets Update for November 12, 2009

Treasury prices are a bit higher this morning ahead of this afternoon’s 30-year government bond auction. This is the government’s third such auction this week and each of the previous sales has been met with strong demand.

Initial Jobless Claims and Continuing Claims came in better than expected at 502,000, with Continuing Claims falling to 5.6 million.

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