Daily Market Update 2/27/17

Rates were little changed Monday as newly released economic data fell short of expectations.  This morning, January Durable Good Orders rose 1.8%, matching forecast, but excluding the volatile transportation component, orders declined 0.2%, the weakest reading since June.  Separately, January Pending Home Sales fell 2.8% to the lowest level since January 2016.  An increase of 1.0% had been expected.  No other key data will be released today.

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