The bond market began the day close to Tuesday’s latest levels, but rally slightly after the ADP Employment Report was released. The report missed forecast by over 20K jobs, due to a decrease in service industries in September; however it was not enough to sustain the positive momentum. Overnight, Washington failed to come to an agreement prolonging the government shut down with no end in sight. Initial Jobless claims increased by 10,000 last week according to the Bloomberg report, we will see if that is enough to move the market in our favor today.
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