Daily Market Update 12/1/16

Rates faced upward pressure Thursday in volatile trading.  This morning, weekly Jobless Claims rose to 268,000, above the consensus forecast of 255,000.  Construction Spending increased 0.5% in October, in line with expectations.  The Institute for Supply Management manufacturing index rose to 53.2, a bit more than expected.  Readings above 50.0 indicate expansion in the manufacturing sector.  No other data will be released today.  The closely-watched Employment Report for November will be released tomorrow at 8:30 AM.

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