Friday, May 17, 2013
Daily Market Update 5/17/13
Rates faced upward pressure Friday following the release of stronger than expected economic data. Leading Indicators rose 0.6%, beating the consensus of 0.3%. Consumer Sentiment jumped to 83.7, far exceeding forecast, to the highest level since July 2007. Stocks rallied, hurting mortgage-backed securities. No other key data will be released today.
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