Daily Market Update 11/16/11

Rates moved lower Wednesday as investors remained focused on the European debt crisis.  Bond yields in weaker European countries moved higher.  In economic news, the October Consumer Price Index (CPI) fell 0.1%, slightly lower than expected, and was 3.6% higher than one year ago.  Core CPI, which excludes volatile food and energy components, rose 0.1%, matching forecast.  Industrial Production increased 0.7% in October, beating expectations.  No other data will be released today.

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