Daily Market Update 8/26/10

Rates held steady Thursday as weekly Jobless Claims fell to 473,000, below the consensus forecast of 485,000. Stocks inched higher. Freddie Mac reported weekly average 30-year fixed rates of 4.36% with 0.7 “points”, the lowest on record. Results from today’s 7-year Treasury auction will come out at 1:00 PM. No other key economic data will be released today.

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