Daily Market Update 9/19/12

Rates held steady Wednesday in volatile trading.  This morning, the Bank of Japan announced it will increase its level of monetary stimulus, following similar moves by the Federal Reserve and European Central Bank.  In the U.S., August Housing Starts rose 2% to an annual rate of 750,000 units, below the consensus forecast of 775,000.  Existing Home Sales jumped 7.8% to 4.82 million annual units, to the highest level in two years, beating expectations.  No other data will be released today.

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