Thursday 11/13 ... Morning Data In... Mitigates Some Of The Expected Selling...

- Jobless Claims Jump to 516k,
- Continuing claims in the 3.9mln range
- this is the worst reading we've seen since the meltdown began and highest since 1983

- The trade deficit improved to 56.47 bln in September

After being on a sharp selling trend in the first part of the session, MBS have rallied a bit.

5.5's are currently down 8 ticks from yesterday at 99-28.