Daily Market Update 4/9/09

Interest rates rose Thursday as global stock markets rallied on a stronger than expected earnings report from banking giant Wells Fargo. February’s Trade Gap narrowed unexpectedly, hitting a 9-year low, on weak demand for foreign goods. Several key economic reports are due out the middle of next week, including the Producer Price Index and Retail Sales data on Tuesday, and Wednesday’s release of the Consumer Price Index, Industrial Production, and the Fed’s Beige Book. The mortgage-backed securities market closes today at 2:00 PM et for the Easter Holiday. No new rates will be issued tomorrow.

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