Non-farm payrolls fell 125,000 as U.S. census workers were let go, however, the private sector hired 83,000 new workers reflecting the U.S. economy is treading water at best. Interestingly the unemployment rate fell to 9.50% as folks left the workforce.
The U.S. stock and bond market reactions have been muted, with both markets down slightly. The yield on the 10 year note rose slightly to 2.98%, while mortgage prices are approximately .125% than Thursday. The bond market has a full trading session today, and the HSOA lock desk will be open normal hours---until 4:00 PM, PT.
Have a safe and happy Independence Day celebration!
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment