Daily Market Update 4/7/17

Rates inched lower Friday following weaker than expected employment data.  The economy added 98,000 jobs in March, well below the consensus forecast of 180,000.  In addition, downward revisions subtracted 38,000 jobs from the results for previous months.  The Unemployment Rate declined to 4.5%, to the lowest level since May 2007.  Average Hourly Earnings, an indicator of wage growth, rose 0.2%, slightly short of expectations, and were 2.7% higher year-over-year.  Last night the U.S. launched a missile strike in Syria, which also boosted bonds and mortgage-backed securities as investors shifted funds to safer assets.  No other key data will be released today.

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