Daily Market Update 2/17/15

Rates were little changed Tuesday in extremely volatile trading.  Talks between Greek and Eurozone officials about bailout terms stalled yesterday, leaving considerable uncertainty about the outcome.  In economic news, the Empire State manufacturing index declined to 7.8, below the consensus forecast of 9.5.  Readings above zero indicate expansion in the manufacturing sector in the region.  The National Association of Home Builders Housing Sentiment index fell to 55.  An increase to 58 had been expected.  Readings above 50 indicate more positive than negative sentiment among builders.  Stocks moved lower.  No other key data will be released today.

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