market update 10/23/2013

Interest rates have clearly experienced an adjustment courtesy of jobs report, and the magnitude of the move is in line with the magnitude of the "miss" (in that we saw a good sized improvement in rates for a good-sized discrepancy between the actual jobs numbers and expectations).  From here, the remaining economic data will offer fine-tuning adjustments, either helping the continue the trend lower in rates, or suggesting a broader leveling-off process before the next big jobs report (which is only two weeks away due to shutdown-related rescheduling).