Bond markets received a boost yesterday as investors moved money away from equities and into safer assets. It was steady gains from the start as weak manufacturing data came out of China which caused a flight to safety and this continued throughout the day as U.S. data was released. Jobless claims met expectations at 326K but Continued Claims came in higher then economist forecast and Existing Home Sales fell short of expectations helping to extend the rally. No econ data is scheduled for release today but we could get some movement as investors position themselves for a big week next week.
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