Daily Market Update 11/23/10

Rates inched lower Tuesday following an attack by North Korea on a South Korean island, resulting in a flight to safer investments, hurting stocks and helping bonds and mortgage-backed securities. In economic news, third quarter GDP was revised higher to +2.5%, slightly above forecast. Existing Home Sales fell 2.2%, below expectations. Results were weak for this afternoon’s 5-year Treasury auction. No other data will be released today.

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