Daily Market Update 1/28/14

Rates held steady Tuesday as investors showed little reaction to newly released economic data.  This morning, December Durable Goods Orders declined by 4.3%, far below the consensus forecast of +2.0%.  Consumer Confidence rose to 80.7, slightly above expectations.  The S&P/Case-Shiller 20-city home price index fell 0.1% in November, but jumped 13.7% year-over-year.  Stocks moved higher.  Results from today’s 2-year Treasury auction will be released at 1:00 PM.

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