Newly created jobs, as measured by the ADP Payrolls came in at 158K, less than the 180K expected. Though still at historic lows, Initial Jobless claims rose to 248K. These two factors should help rates improve, but the market is spooked. The 10 Year has broken above 2.385% and has room to grow. Rates across the boards are trending upward. Again, there is no apparent reason for the uptick in interest rates, other than the market driving itself–like a Tesla, or whatever this pictured car is. Kind of scary.