Daily Market Update 7/25/14

Rates were little changed Friday in quiet trading.  In economic news, Durable Goods Orders rose 0.7% in June, a bit higher than expected.  No other data will be released today.  Next week may be unusually volatile as the Federal Reserve begins a two-day meeting to discuss monetary policy on Tuesday, preliminary second quarter GDP figures will be released on Wednesday, and the Employment Report for July comes out on Friday.

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