April 22, 2021 Headlines

Treasury prices are slightly lower this morning following a drop in jobless claims. The initial jobless claims number came in at 547,000 vs a median expectation of 610,000. Last week’s level is the lowest since the pandemic hit. Texas and New York led the decline, with Texas seeing a decrease of over 23,000 claims and New York down a little over 17,000 from the prior week. Continuing claims fell by 34,000 to 3.67 million last week.

Hafizan Hamzah
Director, Investment Management Group

04/21/21MBA Mortgage Applications8.60%-3.70%
04/22/21Chicago Fed Nat Activity Index1.251.71-1.09-1.2
04/22/21Initial Jobless Claims610k547k576k586k
04/22/21Continuing Claims3650k3674k3731k3708k
04/22/21Langer Consumer Comfort53.9
04/22/21Leading Index1.00%0.20%
04/22/21Existing Home Sales6.11m6.22m
04/22/21Existing Home Sales MoM-1.80%-6.60%
04/22/21Kansas City Fed Manf. Activity2826
04/23/21Markit US Manufacturing PMI6159.1
04/23/21Markit US Services PMI61.560.4
04/23/21Markit US Composite PMI59.7
04/23/21New Home Sales885k775k
04/23/21New Home Sales MoM14.20%-18.20%

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