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Daily Market Update 7/8/14

Rates inched lower Tuesday as a decline in stocks boosted mortgage-backed securities.  This morning, the Job Openings and Labor Turnover Survey, or JOLTS, came in at 4.64, a bit higher than expected.  Higher readings generally indicate a healthier job market.  Results from today’s 3-year Treasury auction will be released at 1:00 PM.

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