Daily Market Update 3/5/12

Rates were little changed Monday in quiet trading.  In economic news, the Institute for Supply Management services index rose to 57.3, beating expectations.  Readings above 50.0 indicate expansion in the services sector of the economy.  Factory Orders declined by 1.0%, a bit less than expected.  China announced that it will target a 7.5% growth rate in 2012, the slowest pace since 2005.  Stocks moved lower.  No other key data will be released today.

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