Weekly Initial Jobs Claims March 24, 2016 and the Bond Market

Andy Simon | March 24th, 2016
Recent hawkish chatter by Fed members has lifted the U.S. dollar, weighed on oil, commodity and Stocks prices, while giving Bonds a boost. Weekly Initial Jobless Claims came in near expectations at 265K rising 6K in the latest week, while February Durable Orders fell -2.8% after a 4.2% gain in January. The data had little impact on trading. With today's early close, we will likely see dwindling trading volumes as players will try to head out early to kick off the long holiday weekend.