Daily Market Update 7/23/15

Rates held steady Thursday despite the release of stronger than expected economic data.  Weekly Jobless Claims fell to 255,000, well below the consensus forecast of 275,000.  The market reaction was muted, however, as readings are often volatile this time of year due to shut downs by automotive manufacturers for equipment upgrades.  Separately, Leading Indicators rose 0.6%, beating expectations.  No other key data will be released today.

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