We knew bonds would be skittish about Treasury auctions this week, but the defensiveness began early owing to a big glut of corporate bond offerings . The damage was minimal, all things considered, with MBS only losing an eighth of a point as of 4pm ET and 10yr yields up 2bps to 1.60%. [
30 year fixed 3.03%]
emphasis added
Tuesday:
Small Business Optimism Index for April.
• At 10:00 AM,
Posted by
Calculated Risk on
US job openings rose to 8.1 million from 7.4 million in March, according to JOLTS data.
That lands above the median estimate of 7.5 million and marks a record number of openings.
The hiring rate climbed to 4.2% from 4% as stimulus and vaccinations fueled reopening.
Job openings grew to record highs in the US in March amid continued vaccination and fresh stimulus.
The data shows businesses reopening along with the country, yet last Friday s jobs report for April indicated employers have since had trouble filling those jobs.
Openings rose to 8.1 million from 7.5 million, according to Job Openings and Labor Turnover Survey, or JOLTS, data published Tuesday morning. The median estimate from economists surveyed by Bloomberg was for 7.5 million openings. The reading marks a third straight increase and places job openings at their highest level ever.
U S job openings race to record high in March theglobeandmail.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from theglobeandmail.com Daily Mail and Mail on Sunday newspapers.