Daily Market Update 10/20/09

Rates inched lower following today’s weak economic data. The September Producer Price Index (PPI) fell 0.6%, far below forecast. The more closely watched “core” PPI declined 0.1%, also lower than expected. Housing Starts increased slightly, but fell short of expectations. Building Permits, a leading indicator, dropped 1%. Stocks moved lower. No other data will be released today.

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