Daily Market Update 5/17/17

Rates inched lower Wednesday as a sharp decline in stocks boosted bonds and mortgage-backed securities.  This morning, allegations by former FBI Director James Comey that President Trump attempted to halt the investigation of Michael Flynn resulted in steep declines in U.S. stock markets.  Investors are concerned the most recent controversy has increased uncertainty about the ability of the President to implement his pro-business agenda.  No key economic data will be released today.

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