Daily Market Update 8/25/17

Rates held steady Friday ahead of key speeches by Fed Chair Janet Yellen and ECB President Mario Draghi at the annual meeting of central bankers in Jackson Hole, Wyoming.  Yellen will be speaking at 10:00 AM and Draghi at 3:00 PM et.  In economic news, July Durable Goods Orders fell 6.8%, a bit below expectations.  Excluding the volatile transportation component, Durable Orders rose 0.5%, close to forecast.  No other key data will be released today.

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