Early morning bond markets have been a bit choppy but seem to be settling into a slightly positive bias after the jobless report was released.

Here’s the news – the labor market continues to shed jobs with Initial Jobless Claims rising 27,000 to a total of 640,000.

Continuing claims rose another 93,000 bringing the total number of people collecting jobless benefits to 6,140,000 Americans.

Let’s hope for a quick turnaround. At least we can be encourage that the bond markets have stabilized and look good for the near future.

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