Today's US jobless claims reinforce ongoing labor market resilience:

Weekly initial claims fell to 208,00 (212,000 prior and 210,000 expected). Meanwhile, bond yields remain front and center as yesterday’s Treasury buyback-driven rally gives back some ground (Bloomberg table below), pressuring stocks. #economy #markets #jobs #bonds #yields — via @elerianm

Jobless claims beat at 208,000 versus 210,000 expected, reinforcing labor resilience and pressuring bonds.