- The ISM Manufacturing PMI for April came in at a decent 54.8, but that's down from 57.2 in March, and well south of estimates of 56.5.
- New Orders fell to 57.5 from 64.5; Production rose to 58.6 from 57.6.
- Also falling was Employment - to 52.0 from 58.9, and Prices to 68.5 from 70.5.
- Alan Greenspan's old favorite indicator, Supplier Deliveries dipped to 55.1 from 55.9.
- Full report
- The 10-year Treasury price was lower on the session ahead of the print, but has returned to about flat. The yield is flat at 2.29%. TLT -0.1%, TBT +0.15%
- ETFs: TBT, TLT, TMV, TBF, EDV, TMF, TTT, ZROZ, VGLT, TLH, UBT, DLBS, TLO, VUSTX, DLBL, TYBS
- Now read: Let It Grow
Original article
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