Daily Market Update 6/11/10

Mortgage rates were little changed Friday as mortgage-backed securities bounced back from a late sell off yesterday afternoon. Retail Sales fell unexpectedly by 1.2% in May, well below the consensus forecast for an increase of 0.2%. Stocks moved sharply lower on the report. Consumer Sentiment rose to 75.5 in May, the highest reading since January 2008. Key data due out next week include the Producer Price Index and Industrial Production on Wednesday and the Consumer Price Index on Thursday. No other data will be released today.

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