Daily Market Update 7/7/11

Rates moved higher Thursday following the release of stronger than expected employment data.  This morning, payroll firm ADP estimated a net gain of 157,000 private sector jobs in June, far above forecast.  Weekly Jobless Claims fell to 418,000.  The European Central Bank (ECB) raised rates to fight inflation, as expected.  Stocks moved higher.  No other key data will be released today.

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