Daily Market Update 3/10/11

Rates inched lower Thursday on weaker than expected economic data. Weekly Jobless Claims rose to 397,000, above the consensus forecast of 380,000. The Trade Deficit increased to $46.3 billion, well above expectations. Moody’s downgraded Spain’s sovereign debt rating, pushing global stock markets sharply lower. Results from today’s 30-year Treasury auction will be released at 1:00 PM.

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