Daily Market Update 6/4/12

Rates were little changed Monday, remaining near record lows.  This morning, the Commerce Department reported that April Factory Orders declined unexpectedly by 0.6%.  An increase of 0.1% had been forecast.  Friday’s weaker than expected Employment Report increased concerns about the pace of global economic growth and raised investor expectations for additional quantitative easing by the Fed.  No other key data will be released today.

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