Rates inched higher Thursday as an improving outlook for the labor market pushed stocks higher and hurt mortgage-backed securities. Weekly Jobless Claims fell to 340,000, below the consensus forecast of 350,000. The January Trade Deficit rose to $44.4 billion, a bit higher than expected. Fourth quarter Productivity was revised lower to -1.9%. Non-farm Payrolls and the February Unemployment Rate will be released tomorrow at 8:30 AM.