Economic News…Bond markets got a big jolt this morning with the release of the Employment Situation report. The stronger than expected report revealed that 257,000 non-farm payroll jobs were created in January and both November and December numbers were revised sharply higher as well. In addition to this there was a big uptick in average hourly earnings. While this is good news for workers and the economy money in bonds headed for the door. Factory Orders and the ISM Manufacturing data were much less positive. The … [Read more...]