Rates Flat To Slightly Higher As Market Sets Sights On Friday’s Unemployment Figures….

Look for rates this week to take their direction from the DOW...at least up to Friday’s unemployment data. The market is looking for non farm payrolls to have increase by 5000 and the unemployment rate to have remained at 10%. If the actual numbers show any sign that this economy is beginning to emerge from our current recessionary environment, rates will move notably higher. Until then, if the DOW moves higher...look for rates to move higher.