Job growth decelerated in October, according to analysis from the National Association of Home Builders (NAHB). This month’s employment data will be one of the key components in determining whether to hold the federal funds rate again at its December meeting. Given the cooling data, the bond market has seen a decline in interest rates, with the 10-year Treasury rate falling below 4.6% to a near two-month low.

Read NAHB’s Eye on Housing