Daily Market Update 11/5/14

Rates were little changed Wednesday as today’s economic data came in close to expectations.  This morning, payroll firm ADP estimated private sector job growth of 230,000 in October, matching forecast.  The Institute for Supply Management services index fell to 57.1, a bit lower than expected.  Readings above 50.0 indicate expansion in the services sector of the economy.  No other key data will be released today.

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