Daily Market Update 2/5/16

Rates held steady Friday in volatile trading following the release of mixed employment data for January.  The economy added 151,000 jobs last month, below the consensus forecast of 190,000.  Separately, the Unemployment Rate declined to 4.9%, the lowest level since February 2008.  Average Hourly Earnings rose 0.5%, beating expectations.  Stocks moved lower.  No other key data will be released today.

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