Daily Market Update 6/4/10

Rates eased Friday following the May Non-farm Payrolls report. The economy added 431,000 jobs last month, although 411,000 jobs came from the hiring of temporary government census workers. The data fell short of expectations, hurting stocks and benefiting bonds and mortgage-backed securities. Key economic reports due out next week include Industrial Production on Monday and Retail Sales on Friday. The Treasury will auction $70 billion of 3-, 10-, and 30-year securities beginning Tuesday. No other data will be released today.

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