Daily Market Update 2/23/16

Rates faced upward pressure Tuesday following the release of mixed economic data.  This morning, the National Association of Realtors reported January Existing Home Sales rose unexpectedly to 5.47 million annual units, a 6-month high.  Separately, Consumer Confidence fell sharply to 92.2, well below forecast.  Stocks moved lower.  Results from today’s 2-year Treasury auction will be released at 1:00 PM.

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