Daily Market Update 4/16/15

Rates held steady Thursday on mixed economic data.  This morning, weekly Jobless Claims increased to 294,000, above expectations.  March Housing Starts rose by 2% to an annual rate of 926,000 units, well below the consensus forecast of 1,040,000.  The Philly Fed index, a survey of manufacturing activity in the Philadelphia region, rose to 7.5, a bit higher than expected.  No other key data will be released today.

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