U.S. treasuries and mortgages are slightly lower today as a report in Germany showed that their consumer confidence increased in August. Today’s May S&P/Case Shiller Composite – 20 home price index was expected to be unchanged month over month at .20%. On a year over year basis, the Case Shiller index was expected to be unchanged from April at +3.8%. Both readings came in slightly higher than expected, +.47% month over month and +4.61% year over year.

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