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First Move is UP (Better) Following Weaker Than Expected NFP
Posted to: Micro News
Friday, September 06, 2013 8:33 AM
Big downward revision for last month and big drop in Labor Force Participation Rate to account for drop in unemployment rate. Moderate miss on headline NFP. Treasury yields trading 12 bps lower to 2.867 and Fannie 4.0s 13 ticks higher at 102-01. More to follow....
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