Daily Market Update 5/10/12

Mortgage rates held steady Thursday.  This morning, weekly Jobless Claims fell slightly to 367,000 from an upwardly revised 368,000 last week, close to expectations.  Import Prices declined by 0.5% last month.  The March Trade Deficit rose to a record $51.8 billion, larger than forecast, mostly due to high oil prices.  Stocks moved higher after several days of consecutive losses.  Results from today’s 30-year Treasury auction will be released at 1:00 PM.

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