Daily Market Update 3/24/10

Rates moved higher Wednesday ahead of this afternoon’s record-tying $42 billion Treasury auction of 5-year notes. In economic news, Durable Goods Orders rose 0.5% in February, close to forecast. Outside of the auto sector, strength was seen in most areas, hurting mortgage-backed securities. Stocks were mostly lower, the dollar higher. No other data will be released today.

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