Daily Market Update 11/4/15

Rates held steady Wednesday as today’s economic data came in close to expectations.  This morning, payrolls firm ADP estimated October private sector job growth of 182,000, above the consensus forecast of 180,000.  The September Trade Deficit fell sharply to $40.8 billion as exports increased.  The Institute for Supply Management services index rose to 59.1.  A reading of 56.5 had been expected.  Readings above 50.0 indicate expansion in the services sector of the economy.  Results from today’s 2-year Treasury auction will be released at 1:00 PM.

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