Daily Market Update 3/4/10

Rates inched lower Thursday on generally weak economic data. Weekly Jobless Claims came in close to expectations at 469,000. Fourth quarter Productivity growth was revised higher to 6.9%. Pending Home Sales fell sharply last month. Unseasonably cold weather throughout much of the US may have been a factor. Factory Orders rose 1.7%, a bit below forecast. The Treasury will announce the size of upcoming auctions at 11:00 AM. The closely watched Non-farm Payrolls report for February will be released tomorrow morning at 8:30.