Private Jobs Count Comes in Light

The ADP private Employment Change report was released this morning and the reported March gain of 517k new jobs was a little below the 550k that analysts had expected. February’s count of 117k was revised to 176k.

From the Mortgage Bankers Association we learned that, for the week ending March 26th, Mortgage Applications fell 2.2% after falling 2.5% the week before. A little later, Market News International is expected to release its March PMI for Chicago. After that, a report from the National Association of Realtors will announce February’s Pending Home Sales.

In early trading, Treasury prices have dipped slightly lower in the long end and are little changed within five years. Currently, the Long Bond is yielding 2.38% with the Ten-Year at 1.72%. The Two-Year is still around 15 basis points. Crude oil is little changed at $60.68 along with gold at $1,684. Equity futures are mixed.