Daily Market Update 10/11/12

Rates inched higher Thursday on stronger than expected economic data.  This morning, weekly Jobless Claims fell sharply to 339,000, the lowest level in more than four years.  September Import Prices rose 1.1% from August, mostly due to higher energy prices.  The August Trade Deficit came in close to forecast.  Stocks moved higher.  Results from today’s 30-year Treasury auction will be released at 1:00 PM.

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