Daily Market Update 5/12/15

Rates moved higher Tuesday following Monday’s sharp bond sell-off.  Investor sentiment seems to have shifted regarding the anticipated timing of future rate increases by the Fed.  In economic news, the Job Openings and Labor Turnover Survey, or JOLTS, fell unexpectedly to 4.99 million, far below forecast.  Results from today’s 3-year Treasury auction will be released at 1:00 PM.

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