Daily Market Update 9/11/12

Mortgage rates held steady Tuesday in quiet trading.  The July Trade Deficit came in at $42.0 billion, slightly below forecast.  Stocks moved higher in anticipation of tomorrow’s two-day FOMC meeting of the Fed.  An important German court decision on the legality of ECB programs is expected tomorrow.  Results from today’s 3-year Treasury auction will be released at 1:00 PM.

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