Daily Market Update 10/14/11

Rates were little changed Friday as mortgage-backed securities gave up Thursday’s gains.  In economic news, Retail Sales rose by 1.1%, well above the consensus forecast of +0.6%.  September Import Prices increased by 0.3%.  Consumer Sentiment fell to 57.5, below expectations.  Next week will be busy in terms of new economic data.  Industrial Production will be released on Monday, the Producer Price Index on Tuesday, and the Consumer Price Index on Wednesday.  We will also get figures on Housing Starts and Existing Home Sales on Wednesday and Thursday.  No other key data will be released today.

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