This morning, weekly Jobless Claims fell to 435K, below the consensus forecast of 450K. The four-week average declined to 447K. October Import Prices ex-oil rose 0.3%, the same as last month.

The September Trade Deficit came in a little lower than expected. The Dow is down 50 points. No more economic data will be released today. The results from the 30-yr Treasury auction will come out at noon and may have a significant impact on mortgage rates.