Daily Market Update 11/7/14

Rates were little changed in volatile trading Friday following the release of key employment data for October.  The economy added 214,000 jobs last month, a bit below expectations, but prior months were revised higher.  The Unemployment Rate fell to 5.8%, the lowest level since July 2008.  Average Hourly Earnings came in below forecast, and were just 2.0% higher than one year ago.  Stocks moved lower.  No other key data will be released today.

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