Daily Market Update 6/23/11

Rates dipped Thursday as a sharp drop in global stock markets boosted Treasurys and mortgage-backed securities.  Continued uncertainty over the Greek debt situation and reluctance of the Fed to provide additional economic stimulus weighed heavily on stocks.  In economic news, weekly Jobless Claims rose to 429,000, above the consensus forecast.  New Home Sales fell 2.1%, a bit less than expected.  No other key data will be released today.

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