Daily Market Update 1/13/11

Rates were little changed Thursday following the release of mixed economic data. Weekly Jobless Claims rose to 445,000, well above forecast, and to the highest level since October. The Trade Deficit was lower than expected at $38.3 billion. The December Producer Price Index (PPI) increased 1.1% from November, above the consensus forecast of 0.8%. Core PPI, which excludes food and energy components, rose 0.2% and was a tame 1.3% higher than one year ago. Results from today’s 30-year Treasury auction will be released at 1:00 PM.

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