With no U.S. economic releases this morning, Europe and the rumors of Greece defaulting on their debt are what is driving the market. U.S. stock markets are trading lower, treasuries are flat, however, mortgages are worse by .375% to .50%.
Later today the U.S. Treasury will auction $32 billion of 3 year notes, and the remainder of the week is heavy with economic data, including the Producer and Consumer price index, Retail Sales, Industrial Production and consumer confidence.
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