Daily Market Update 8/15/16

Rates held steady Monday in quiet trading.  This morning, the Empire State Index came in a -4.2, well below expectations.  Readings below zero indicate contraction in manufacturing in the New York region.  The National Association of Home Builders Housing Market Index rose to 60, matching forecast.  Readings above 50 indicate more builders view market conditions as favorable than unfavorable.  Stocks moved higher.  No other key data will be released today.

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