Daily Market Update 7/13/15

Rates faced upward pressure Monday as a rally in stocks hurt mortgage-backed securities.  The announcement that Greek officials reached an agreement with eurozone leaders to provide up to $96 billion in bailout funds in return for strict austerity measures caused investors to shift funds to riskier assets.  The politically unpopular reforms must still be approved by Greek Parliament by Wednesday, which is far from certain.  No key economic data will be released today.

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