Daily Market Update 8/4/11

Rates inched lower Thursday as concerns about debt problems in weaker European nations hurt stock markets and lifted mortgage-backed securities.  The European Central Bank (ECB) made no change in interest rates, as expected.  Weekly Jobless Claims came in at 400,000, matching forecast.  Tomorrow, the closely-watched Employment Report for July will be released at 8:30 AM.  No other data will be released today.

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