Daily Market Update 1/7/14

Rates held steady Tuesday, and have remained little changed for the past two weeks.  In economic news, the November Trade Deficit declined to $34.3 billion, far below forecast, to the lowest level since October 2009.  Last night the Senate confirmed Janet Yellen to be the next Chairman of the Federal Reserve, as expected.  Stocks moved higher.  Results from today’s 3-year Treasury auction will be released at 1:00 PM.

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