Daily Market Update 8/30/10

Rates were little changed Monday as mortgage-backed securities regained most of their losses from Friday. In economic news, July Personal Income rose 0.2%, a bit less than forecast. The Core PCE price index, the Fed’s preferred measure of inflation, rose at a tame 1.4% annual rate, indicating inflation is still not a concern in the near term. Stocks moved lower. No other economic data will be released today.

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