Daily Market Update 3/8/17

Mortgage rates moved higher Wednesday as newly released employment data came in much stronger than expected.  This morning, payrolls firm ADP estimated private sector job growth of 298,000 in February, far exceeding the consensus forecast of 190,000.  Separately, fourth quarter Productivity was close to expectations.  Results from today’s 10-year Treasury auction will be released at 1:00 PM.

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