Daily Market Update 11/19/10

Rates were little changed Friday as mortgage-backed securities (MBS) remained volatile. No key economic data will be released today. Next week the Treasury will auction $99 billion of 2-, 5-, and 7-year notes over three days, beginning Monday. Existing Home Sales figures will come out on Tuesday. Durable Goods Orders and New Home Sales will be released on Wednesday. Also on Wednesday the Fed will release minutes from its last FOMC meeting. Trading volume may be light due to the Thanksgiving holiday, so any movement in MBS markets could be exaggerated.

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