US initial jobless claims 187K vs 207K estimate

<ul><li>Prior 202K revised to 203K</li><li>Initial jobless claims 187K vs 207K estimate. Lowest since September 24, 2022. </li><li>4-week moving average 203.25K vs 208.00K last week. (revised from 207.75K last week)</li><li>Continuing claims 1.806M vs 1.845M estimate. Prior 1.834M.</li><li>4-week moving average 1.848M vs 1.862M last week.</li><li>The largest increases in initial claims for the week ending January 6 were in New York (+20,535), California (+9,454),
Texas (+9,337), Georgia (+6,261), and South Carolina (+4,152), </li><li>The largest decreases were in New Jersey (-4,044),
Massachusetts (-3,341), Connecticut (-2,896), Iowa (-1,847), and Pennsylvania (-1,566). </li></ul><p>This report is strong. It also corresponds with the BLS survey week for the next employment report.</p><p>US yields have shifted to the upside:</p><ul><li>2-year yield 4.360% 0.5 basis points</li><li>5-year yield 4.029%, +0.5 basis points</li><li>10 year yield 4.113%, +0.9 basis points</li><li>30-year yield 4.332%, +2.1 basis points</li></ul><p>Rates were lower at the start of the US session with the 10 year yield at 4.09%, -1.4 basis points and the 2-year yield at 4.329%, -2.5 basis points. </p><p>The broader indices are still higher with the S&amp;P index up 21 points on the NASDAQ index is up 151 points. The Dow Industrial Average is still down by -52.67 points.</p>

This article was written by Greg Michalowski at www.forexlive.com.