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Atlanta, GA Market Update - November 19 2010
Mortgage Bonds opened on Friday relatively unchanged from Thursday's close.  This is mostly due to no new economic date being released.  News surrounding Ireland continuing to be the driving force behind the market. 
In Frankfort, Germany, Federal Reserve Chairman Ben Bernake spoke on Friday.  He defended Quantitative Easing Round 2 (QE2) and stated that the program would give a needed boost to economic activity.
The Market closed with Mortgage Bonds slightly down on the day.  This pressure will continue to drive interest rates higher.
 
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