Daily Market Update 8/21/14

Rates held steady Thursday despite the release of stronger than expected economic data.  Weekly Jobless Claims fell to 298,000, slightly below expectations.  Existing Home Sales rose 2.4% to 5.14 million annual units, easily beating forecast.  Leading Indicators increased 0.9%, above the consensus of 0.7%.  The Philly Fed Index, a survey of manufacturers in the Philadelphia region, jumped to 28.0.  A reading of 20.0 had been expected.  Stocks moved higher.  No other key data will be released today.

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