Daily Market Update 8/8/14

Rates inched lower Friday as investors turned their focus to increased global tensions.  Yesterday, the possibility of U.S. airstrikes in Northern Iraq was added to the long list of current geopolitical turmoil.  This morning, second quarter Productivity increased 2.5%, well above the consensus forecast of 1.5%, but first quarter data was revised lower from -3.2% to -4.7%.  No other key data will be released today.

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