Daily Market Update 11/9/12

Rates were little changed Friday morning as mortgage-backed securities gave back a portion of yesterday’s gains.  In economic news, October Import Prices rose 0.5%, above expectations.  Consumer Sentiment came in at 84.9, a 5-year high, beating forecast.  Next week, the Producer Price Index, Retail Sales, and minutes from last month’s Fed meeting will be released on Wednesday, the Consumer Price Index will come out on Thursday, and Industrial Production on Friday.  No other key data will be released today.

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