Rates inched lower as stock prices slid following North Korea’s announcement that it had tested a hydrogen bomb. In economic news, payrolls firm ADP estimated December private sector job growth of 257,000, well above the consensus forecast of 190,000. Factory Orders fell by 0.2% last month, in line with expectations. The Institute for Supply Management services index declined to 55.3, a bit lower than expected. Readings above 50.0 indicate expansion in the services sector of the economy. Detailed Minutes from the December 16 Fed meeting will be released at 2:00 PM.