Daily Market Update 1/22/15

Rates faced upward pressure Thursday in volatile trading following news that the European Central Bank (ECB) will begin purchasing 60 billion euros per month of public and private bonds beginnning in March and continuing at least through September 2016.  The move is an effort to push interest rates lower and boost the economies of the eurozone.  In other news, weekly Jobless Claims fell to 307,000, above the consensus forecast of 300,000.  No other key economic data will be released today.

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