Daily Market Update 7/20/09

Rates continued their recent upward trend Monday on new signs the recession may end later this year. Leading Indicators rose 0.7% in June, beating forecast, and marking the third consecutive monthly increase. Stocks moved higher. No other major economic data will be released until Thursday, but investors will be closely watching tomorrow’s Congressional testimony by Fed Chairman Ben Bernanke. Analysts expect Bernanke to lay out his plans for exiting the largest monetary expansion in U.S. history.

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