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10Y Yield Extends Rise After Surge In ISM Manufacturing Prices
10Y Yield Extends Rise After Surge In ISM Manufacturing Prices
After ISM's almost unprecedented bounce higher in January, US Manufacturing dipped in February:
S&P Global Manufacturing PMI fell from 52.4 to 51.6 - weakest in seven months
ISM Manufacturing PMI fell from 52.6 to 52.4 (better than expected)
And this is occurring as 'hard' data ebbs lower...
“February saw US manufacturers report the weakest expansion since last July, in a further sign that the overall pace of economic growth has moderated in recent months," according to Chris Williamson, Chief Business Economist at S&P Global Market...
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