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Industrial Production Overshadows Slumping Housing Starts

Rates increased today by about .25 to the points on stronger than expected Industrial Production report for March, despite the fact that March Housing Starts were weaker than expected and represented the lowest level in 17 years, a sure sign the housing sector has not hit bottom even yet.   However Housing Starts is typically seen by the bond market as of less importance than the strong industrial production report.

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