Daily Market Update 7/18/14

Rates held steady Friday as mortgage-backed securities gave back a portion of yesterday’s late gains.  Investors have focused more on the unfolding news from Ukraine and Gaza than on economic data.  This morning, Leading Indicators rose 0.3%, a bit below expectations.  Consumer Sentiment fell to 81.3, below the consensus forecast of 83.0.  No other key data will be released today.

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