Daily Market Update 8/14/14

Rates inched lower Thursday as weak economic data in Europe boosted mortgage-backed securities.  Second quarter GDP was flat in the 18-member Euro currency block, according to the European Union’s statistics office.  GDP contracted by 0.2% in Germany, Europe’s strongest economy.  The the U.S., weekly Jobless Claims rose to 311,000, above expectations.  Import Prices fell by 0.2%, in line with forecast.  Results from today’s 30-year Treasury auction will be released at 1:00 PM.

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