Daily Market Update 7/28/15

Rates inched higher Tuesday in quiet trading.  This morning, the Conference Board’s Consumer Confidence index fell to 90.9, far below expectations, to the lowest level since September 2014.  The S&P/Case-Shiller 20-city home price index rose 4.9% in May.  An increase of 5.7% had been expected.  Separately, home ownership rates declined to 63.4% in the second quarter according the the Census Bureau, the lowest level since 1967.  Results from today’s 2-year Treasury auction will be released at 1:00 PM.

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