Daily Market Update 11/25/15

Rates were little changed Wednesday in quiet trading.  This morning, October Durable Goods Orders jumped 3.0%, well above forecast.  The November core PCE price index, the Fed’s preferred measure of inflation, was unchanged from October, and a tame 1.3% higher than one year ago.  Weekly Jobless Claims declined to 260,000, below expectations.  New Home Sales rose to 495,000 annual units, a bit less than expected.  Consumer Sentiment fell to 91.3.  Results from today’s 7-year Treasury auction will be released at 1:00 PM.  Our office will be closed tomorrow and Friday in observance of the Thanksgiving holiday.

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