Daily Market Update 4/28/10

Rates rose slightly Wednesday as concerns over the Greek debt crisis eased. While no economic data will be released today, the big news will be the Fed statement following its two-day FOMC meeting, expected at 2:15 PM et. No rate change is expected, but investors will be watching closely for clues about future Fed moves to tighten monetary policy or sell mortgage-backed securities. Results of today’s Treasury auction of 5-year notes will be announced at 1:00 PM.

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