Daily Market Update 7/21/11

Rates inched higher Thursday as a rally in stocks pushed mortgage-backed securities’ prices lower.  This morning, a new aid package for Greece and an overhaul of the region’s rescue fund reduced investor concerns that the debt problems will spread.  In economic news. weekly Jobless Claims rose to 418,000, slightly above forecast.  Leading Indicators rose 0.3%, in line with expectations.  No other key data will be released today.

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