Strong non-farm payrolls data (NFP) threw MBS into weak levels this morning. The predicted 230,000 was majorly trumped by the actual 321,000, showing rapid hiring in November. Jobless rate remains 5.8 percent, inline with expectations. Watch for rising mortgage interest rates.
Thursday: Jobless claims for the latest week dropped by 17,000 to 297,000, but above what economists expected. Largely unaffected by the data were MBS, which were up and down thanks to the European Central Bank's press conference.
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