Daily Market Update 6/16/14

Rates held steady Monday as newly released economic data came in above expectations.  May Industrial Production rose 0.6% from April, beating the consensus forecast of 0.5%.  The Empire State regional manufacturing index jumped to 19.3.  A reading of 15.0 had been expected.  The National Association of Home Builders housing sentiment index increased to 49.  Readings below 50 indicate more negative than positive builder sentiment.  No other key data will be released today.

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