Rates inched higher Friday as stronger than expected employment data caused a decline in mortgage-backed securities. The economy added 146,000 jobs in November, but the data from prior months was revised lower by 49,000. The Unemployment Rate fell to 7.7%, the lowest level since December 2008, however the majority of the decline was due to workers leaving the labor force. Average Hourly Earnings, a proxy for wage growth, rose 0.2%. Consumer Sentiment fell sharply to 74.5, far below expectations. The biggest economic event next week will be the two-day Fed meeting that will wrap up on Wednesday. Investors will also remain focused on budget negotiations in Washington. No other key data will be released today.