Daily Market Update 9/25/14

Rates held steady Thursday as mortgage-backed securities recovered from yesterday’s late losses.  This morning, weekly Jobless Claims rose to 293,000, a bit below forecast.  August Durable Goods Orders declined by 18.2% following last month’s 22.6% surge.  The extreme volatility was due to large July aircraft orders.  Excluding transportation, Durable Orders rose 0.8%, in line with expectations.  Stocks moved lower.  Results from today’s 7-year Treasury auction will be released at 1:00 PM.

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