The market was closed yesterday for the Thanksgiving holiday after a sell off caused a late afternoon re-price Wednesday. Economic data consistently over performed to forecast dominating the bond market headlines. Treasuries fell overnight extending their first monthly loss since August. This move is based on speculation a U.S. jobs report due out next week will be strong enough to question the Federal Reserve’s bond buying program. Today is light on economic data; however we might see some unexpected market movements due to month end trading activity.
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