Daily Market Update 3/7/13

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.

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