Here is the rate outlook for the week:
Factors: The March Payroll numbers are released on Friday, May 8. Possible terrorist retaliation for Bin Laden deaht may have some implications for financial markets.
Trend: Neutral-Look for rates to drift sideways in anticipation of Friday's numbers. If the numbers beat estimate, rates will increase .125-.25%.
Volatility: Lower leading up to Friday.
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