WASHINGTON — Initial claims for state unemployment dropped 9,000 to 366,000 in the March 22 week, the Labor Department reported yesterday.
Analysts expected initial jobless claims to edge up in the March 22 employment survey week.
The previous week’s initial claims level was slightly downwardly revised to 375,000 in the March 22 week from the original 378,000.
— Market News International
A combination of a "stronger-than-expected economy, higher Treasury rates, robust supply, and rich valuations resulting in choppy markets" have made the trading environment in H124 "quite difficult," according to Barclays.
Two rating agencies upgraded Los Angeles Unified School District's bond ahead of multi-billion dollar refunding.
The Basel III Endgame proposal to restructure capital holding levels comes under fire.
Friday price talk for the unrated tax-exempt paper was between 11% and 15%.
The board approved that step at its second quarter board meeting held this week.
The Inflation Reduction Act, affordable housing and clean energy were among the topics discussed at Baker Tilly's DevelUP conference in Chicago this week.
