Daily Market Update 10/19/10

Rates were little changed Tuesday. September Housing Starts rose 0.3% to an annual rate of 610,000, beating the consensus forecast. This was the highest level since April, but the positive news was offset by a 6% decline in Building Permits, a leading indicator, to 539,000. China unexpectedly announced that it will raise interest rates for the first time since 2007. Stocks are sharply lower. No other data will be released today.

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