Daily Market Update 3/9/12

Rates held steady Friday as investors showed little reaction to the February Employment Report.  The economy added 227,000 jobs last month, while the Unemployment Rate remained at 8.3%.  Average hourly earnings, a proxy for wage growth, increased at a 1.9% annual rate.  The Trade Deficit came in higher than expected.  Private bondholders agreed to the proposed Greek bond swap deal, which was necessary for Greece to receive additional aid and avoid default.  No other key data will be released today.

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