Daily Market Update 5/18/17

Rates held steady Thursday as U.S. financial markets stabilized following yesterday’s extreme volatility.  In economic news, weekly Jobless Claims fell to 232,000, below the consensus forecast of 240,000.  The Philly Fed regional manufacturing index jumped to 38.8, well above expectations.  Readings above zero indicate expansion in manufacturing in the Philadelphia region.  No other key data will be released today.

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