The bond market was "spooked" early today by a lower than expected weekly jobless claims figure.  Initial jobless claims for the week ended November 28 were down by 5,000.  Analysts had been expecting claims to be up by 14,000.  Tomorrow's November non-farm payroll report is still expected to show job losses of approx 130,000, however, investors began to hedge their bets today that the number could come in below that figure.  Later in the morning, the Institute of Supply Management (ISM) Service Sector Index came in weaker than expected with a reading of 48.7 vs expectations of 52.0 (anything below 50 represents contraction).  However, bonds did not recover on that news.  Stocks were flat most of the day but ended down as equity investors began hedging their bets that the employment data tomorrow will show higher job losses than expected.  However, the investors pulling money out of stocks were not rushing into bonds.  Instead they chose to just put money on the sidelines while they wait for the November Jobs Report.