Daily Market Update 2/27/14

Rates eased slightly Thursday reflecting improvement in mortgage-backed securities markets late Wednesday.  This morning, weekly Jobless Claims rose to 348,000, above the consensus forecast of 335,000.  January Durable Goods Orders fell 1.0%, in line with expectations.  Federal Reserve Chairman Janet Yellen will testify before Congress beginning at 10:00 AM.  Results from today’s 7-year Treasury auction will be released at 1:00 PM.

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