Daily Market Update 11/21/14

Rates were little changed as stocks moved higher on news that China’s central bank lowered rates and the European Central Bank (ECB) began buying asset-backed securities.  The People’s Bank of China lowered its 1-year benchmark lending rate to 5.40% from 6.00%.  The ECB’s move is intended to help boost economic growth and combat dangerously low inflation.  Global stocks rallied on the news.  No key domestic economic data will be released today.

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