Market Analysis

The bond market initially opened better but quickly flattened despite a December Non Farm Payroll report that showed 85,000 jobs lost which was more than the 20,000 analysts had been expecting.  The unemployment rate stayed flat at 10%. 

Analysts are saying that there is so much consensus in the investment community that rates will be moving higher next year, that even a worse than expected payroll report could not generate momentum to push rates lower in the short term.