Daily Market Update 1/21/10

Rates held steady Thursday following the release of mixed economic data. Weekly Jobless Claims rose unexpectedly to 482,000, well above forecast. Leading Indicators rose a solid 1.1%. The Philly Fed Index, a survey of manufacturers in the region, came in at 15.2, showing growth in the sector, but falling short of expectations. Stocks moved sharply lower. No other data will be released today.