Updated on August 6, 2020 10:02:50 AM EDT
Last week’s unemployment figures were posted at 8:30 AM ET this morning, showing that 1.186 million new claims for unemployment benefits were filed last week. This was a decline from the previous week’s revised 1.435 million initial filings and noticeably lower than forecasts of 1.4 million. Fortunately, bonds were doing well during overnight trading and this was the 20th consecutive week of over 1 million new claims- indicating employment sector weakness. That has allowed bonds to remain positive after the data was posted this morning.