Daily Market Update 6/8/10

Mortgage rates were little changed in quiet trading ahead of today’s 3-year Treasury auction. Results will come out at 1:00 PM. In an interview last night, Fed Chairman Ben Bernanke expressed confidence that European leaders were taking appropriate steps and would be able to handle the economic crisis there. He also warned that the Fed would eventually have to begin raising interest rates before the economy returns to full employment. No economic data will be released today.

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