Daily Market Update 3/7/14

Rates inched higher Friday following the release of stronger than expected Employment data.  The economy added 175,000 jobs in February, much higher than forecast.  Separately, the Unemployment Rate increased to 6.7% due to an increase in the labor force.  Average Hourly Earnings, a proxy for wage growth, jumped 0.4%, doubling expectations.  The Trade Balance came in at -$39.1 billion, in line with forecast.  Stocks moved higher.  No other key economic data will be released today.

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