Daily Market Update 1/13/12

Rates edged lower as concerns over European debt hurt stocks and boosted Treasurys and mortgage-backed securities.  This morning, France lost its triple-A credit rating from Standard & Poors.  In economic news, December Import Prices declined 0.1%.  The November Trade Deficit was larger than expected.  Consumer Sentiment jumped to 74.0, the highest level since May.  Stocks moved sharply lower.  Next week, the Producer Price Index and Industrial Production will be released on Wednesday and the Consumer Price Index on Thursday.  No other key data will be released today.

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