Shutdown and CA computers behind jobless claims surge
- Still working through a backlog caused by a switch in computer systems, California was responsible for about half of the 66K surge in initial jobless claims last week. The dismissal of non-federal employees accounted for another 15K, according to the Labor Department.
- Treasury prices quickly popped on the headline jump, but have since returned to be nicely down on the session. The 10-year Treasury yield is up 4 bps to 2.7%.
- TLT -0.5%, TBT +0.9% premarket.
- Treasury ETFs:
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TLH, TLT, IEF, DTYL, DLBL, ILTB, TENZ, ITE, TLO, EDV, VGIT, VGLT, TMF, TYD, LBND, UBT, UST, TMV, TYO, SBND, PST, TBT, DTYS, DLBS, TBF, TTT, TYNS, TYBS, TBX.
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