Weekly Unemployment Claims (every Thursday)
Tomorrow’s only economic release is the weekly unemployment update that is expected to show 213,000 new claims for jobless benefits were filed last week. This would be an increase from the previous week’s 208,000 initial filings, signaling the employment sector weakened a bit last week. Since bonds tend to thrive during weaker economic conditions, good news would be a higher than expected number. While this is just a weekly snapshot that usually carries much less significance than the monthly reports, the fact there is so little on this week’s calendar could draw a stronger response to a surprise than we would normally see.