Daily Market Update 12/10/09

Interest rates faced upward pressure Thursday ahead of this afternoon’s $13 billion auction of 30-year Treasury bonds. Investors’ concerns about massive budget deficits are weighing heavily on Treasury and mortgage-backed securities markets. Weekly Jobless Claims rose to 474,000, above the consensus forecast of 465,000. The October Trade Deficit was lower than expected. Retail Sales figures for November will be released tomorrow at 8:30 AM.

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