Daily Market Update 1/17/14

Rates held steady Friday following the release of mixed economic data.  This morning, December Housing Starts declined 10% from the 5-year high seen in November to an annual rate of 999,000 units, which was slightly above forecast.  However, Building Permits, a leading indicator, fell short of expectations.  Industrial Production rose 0.3%, matching the consensus.  Consumer Sentiment fell to 80.4.  A reading of 83.0 had been expected.  Stocks were little changed.  No other key data will be released today.

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