Daily Market Update 11/6/15

Rates moved higher Friday following release of much stronger than expected employment data.  The economy added 271,000 jobs last month, the best reading of the year, easily beating the consensus forecast of 190,000.  Separately, the Unemployment Rate fell to 5.0%.  Average Hourly Earnings rose 2.5% year-over-year, also exceeding expectations.  The strong data greatly increases the likelihood of a rate increase by the Fed at its December meeting.  No other key economic data will be released today.

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