Daily Market Update 9/30/13

Rates were little changed Monday as investors remained focused on the budget impasse in Washington.  Stocks were sharply lower.  Stronger than expected economic data had little impact on markets.  This morning, the Chicago Purchasing Manager's Index rose to 55.7, beating forecast.  Readings above 50.0 indicate expansion in manufacturing in the Midwest Region.  No other key data will be released today.