US weekly initial jobs claims 198K versus 212K expected

<ul><li>Prior week jobless claims 209K (revised to 211K)</li><li>The 4-week moving average initial jobless claims 205.75K vs. 206.25k last week</li><li>Continuing claims 1734K vs 1710K expected</li><li>Prior week continuing claims 1702K</li><li>The 4-week MA of continuing claims is at 1694K vs last week's 1674K</li></ul><p>This is the best reading since early January. This could be what pushes 10-year yields above 5%.</p>

This article was written by Adam Button at www.forexlive.com.