Daily Market Update 12/11/14

Rates held steady Thursday as mortgage-backed securities gave back yesterday’s late gains.  In economic news, November Retail Sales rose 0.7%, beating the consensus forecast of 0.4%.  Weekly Jobless Claims fell to 294,000, close to expectations.  Stocks moved sharply higher, recovering a portion of this week’s losses.  Results from today’s 30-year Treasury auction will be released at 1:00 PM.

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