Daily Market Update 1/21/16

Rates were little changed Thursday in volatile trading.  This morning, European Central Bank President Mario Draghi said the ECB will review its policy stance in March, meaning the it may add more stimulus due to concerns about weakening economic growth and low inflation.  In the U.S., weekly Jobless Claims rose to 293,000, above the consensus of 275,000, to a six-month high.  The Philly Fed Index came in at -3.5, a bit better than expected.  Readings below zero indicate contraction in manufacturing in the Philadelphia region.  No other key data will be released today.

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