Tuesday, November 22, 2011

Daily Market Update 11/22/11

Rates held steady Tuesday in quiet trading.  Third quarter Gross Domestic Product (GDP) was revised lower to 2.0% from 2.5%.  The decline was mostly due to shrinking inventories and is expected to have little impact on future growth.  Results from today's 5-year Treasury auction will be released at 1:00 PM.

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