Daily Market Update 5/27/16

Rates held steady ahead of this afternoon’s speech be Fed Chairwoman Janet Yellen.  In economic news, the second estimate of first quarter GDP was revised higher to 0.8%, a bit below expectations.  Consumer Sentiment came in at 94.7, slightly below forecast.  Fed Chair Yellen is speaking at 1:15 PM.  Financial markets will be closed on Monday in observance of Memorial Day.

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