Daily Market Update 5/26/15

Rates held steady Tuesday as newly released economic data came in close to expectations.  April Durable Goods Orders fell 0.5%, matching forecast.  New Home Sales jumped by 6.8% to 517,000 annual units, a bit higher than expected.  Consumer Confidence rose slightly to 95.4, beating the consensus of 95.0.  Stocks moved sharply lower as the dollar strengthened against the euro on concerns about Greek debt negotiations.  Results from today’s 2-year Treasury auction will be released at 1:00 PM.

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