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This morning we received a small bit of good news in manufacturing. The ISM Mfg Index showed growth and some improvement over the analysts expectations.

Investors are reluctant to push bond prices much higher. See prior posts in my blog. And accordingly they jumped into stocks on the release of this bit of good news.

Rates move higher as a result.

With further good news on initial claims tomorrow, rates might take a big turn for the worse.

We are looking for signs of a recovery. The improvement in the Mfg Index was just such a sign.

You might consider locking today, or you have decided that unemployment will continue to be bad news.