Daily Market Update 10/14/10

Rates moved lower Thursday following a rally in mortgage-back securities late Wednesday. This morning, weekly Jobless Claims rose to 462,000, above forecast. The Producer Price Index (PPI) rose 0.4%, more than expected, but the more closely watched “Core” PPI, which excludes volatile food and energy components, rose a tame 0.1%, in line with expectations. Results from today’s 30-year Treasury auction will be released at 1:00 PM.

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