Daily Market Update 8/25/15

Rates inched higher Tuesday as stocks partially rebounded from yesterday’s sharp sell-off following an interest rate cut in China.  In economic news, the S&P/Case-Shiller 20-city home price index declined by 0.1% in June, but was 5.0% higher than one year ago.  Consumer Confidence jumped to 101.5, far exceeding the consensus forecast of 94.0.  New Home Sales rose to 507,000 annual units, a bit below expectations.  Results from today’s 2-year Treasury auction will be released at 1:00 PM.

Back to top