Daily Market Update 5/14/10

Rates inched lower Friday as bonds and mortgage-backed securities benefited from a sharp decline in global stock markets. Investors remain worried about the European debt crisis and the possible demise of the Euro, which would hamper future economic growth. In other news, April Retail Sales rose 0.4%, above expectations. Industrial Production increased 0.8%, in line with forecast. Consumer Sentiment rose a bit less than expected. Major economic data due out next week include Tuesday’s release of the Producer Price Index (PPI) and the Consumer Price Index (CPI) on Wednesday.

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