Daily Market Update 4/25/14

Rates inched lower Friday as stocks fell sharply on increased tension in Ukraine.  In economic news, Consumer Sentiment rose to 84.1, beating expectations.  No other key data will be released today.  The mortgage-backed securities market may be highly volatile next week.  On Wednesday, The Fed will wrap up a two-day FOMC meeting to discuss monetary policy.  No rate changes are expected, but investors expect the Fed to reduce bond purchases by another $10 billion per month as it unwinds its Quantitative Easing program.  Also on Wednesday, preliminary first quarter GDP figures will be released.  The closely-watched Employment Report for April will come out next Friday.

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