Daily Market Update 11/8/12

Rates were little changed Thursday in light trading.  This morning, weekly Jobless Claims fell to 355,000, below the consensus forecast of 365,000, but the figures may have been distorted by the effects of Hurricane Sandy.  The September Trade Deficit declined more than expected to $41.5 billion, the lowest level since December 2010.  Despite widespread riots and protests, Greek leaders passed a series of austerity measures required to receive additional aid.  Results from today’s 30-year Treasury auction will be released at 1:00 PM.

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