Daily Market Update 2/3/16

Rates held steady Wednesday following the release of mixed economic data.  This morning, payroll processing firm ADP estimated private sector job growth of 205,000 in January, above the consensus forecast of 190,000.  Separately, the Institute for Supply Management services index fell to 53.5, below expectations.  Readings above 50.0 indicate expansion in the manufacturing sector.  No other key data will be released today.

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