Daily Market Update 3/6/14

Rates inched higher Thursday as stronger than expected Jobless Claims boosted stocks and hurt mortgage-backed securities.  Weekly Jobless Claims fell to 323,000, below the consensus forecast of 340,000, to the lowest level since late November.  Fourth quarter Productivity was revised lower to 1.8%.  January Factory Orders fell 0.7%, below expectations, and December’s figures were revised lower.  No other key data will be released today.  The closely-watched Employment Report for February will be released tomorrow at 8:30 AM.

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