Daily Market Update 5/20/10

Rates inched lower Thursday as global investors shifted funds away from stocks, lifting mortgage-backed securities. Weekly Jobless Claims rose to 471,000, well above the consensus forecast of 440,000. Leading Indicators fell 0.1% in April, the first decline in over a year. The Philadelphia Fed Index came in slightly below expectations. Stocks fell sharply. No other data will be released today.

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