Daily Market Update 3/8/13

Rates moved higher Friday following the release of stronger than expected employment data.  Against a consensus forecast of 170,000, the economy added 236,000 jobs in February.  The Unemployment Rate fell to 7.7% from 7.9%, to the lowest level since December 2008.  Average Hourly Earnings rose 0.2%.  Stocks rallied on the news.  No other key data will be released today.

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