Bonds improved this morning on continued weakness in stocks due to the European debt issue.  The Dow is currently down approx 80 points in morning trading.    In economic news, Initial Jobless Claims for the week ended 5/1 were down by 7,000 which was slightly less than the 8,000 decrease expected.  Continuing Jobless Claims for the week ended 4/24 were down by 59,000 was was a larger drop than the 45,000 expected. The Preliminary estimates of Qtr 1 2010 Productivity showed an increase of 3.6% vs expectations of a 2.4% improvement.  Tomorrow's April Non Farm Payroll report could produce significant volatility.  Analysts are generally expecting an increase of 187,000 jobs.  A headline # significantly greater than that and/or a drop in the jobless rate below 9.7% could put pressure on rates which have benefited from the "flight to safety" trade caused by the problems in Europe.  On the other hand, a weak Non Farm Payroll # could further fuel selling in stocks which would be supportive of steady to slightly lower closing costs for the same rate.