Daily Market Update 4/25/12

Rates inched higher Wednesday reflecting a late sell off of mortgage-backed securities on Tuesday.  In economic news, March Durable Goods Orders fell 4.2%, which was well below the consensus forecast of -1.5%.  The Federal Open Market Committee of the Federal Reserve made no change in interest rates, as expected, and gave no indication of any change in monetary policy.  Fed Chairman Bernanke will hold a press conference at 2:15 PM.

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