Daily Market Update 4/21/11

Rates held steady Thursday following the release of mixed economic data. Weekly Jobless Claims declined to 403,000, but remained above 400,000 for the second consecutive week, and well above the consensus forecast of 390,000. Leading Indicators rose by 0.4%, slightly better than expected. The Philadelphia Fed Index, a survey of manufacturers in Pennsylvania, New Jersey, and Delaware, fell to 18.5, below expectations. Mortgage markets will close early today and will remain closed tomorrow in observance of Good Friday. No other key data will be released today.

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