Daily Market Update 8/26/13

Rates held steady Monday in quiet trading.  This morning, July Durable Goods Orders fell 7.3%, below the consensus forecast of -4.0%.  Stocks inched higher on hopes that the weaker than expected economic data, along with Friday’s sharp decline in New Home Sales, might cause the Fed to delay its planned tapering of bond purchases beyond September.  No other key data will be released today.

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