Nov 01, 2016
The health of the manufacturing sector is clearly on the upswing. Research firm Markit posted its purchasing manager’s index for the U.S. Tuesday morning and it climbed to the highest point of the year — 53.4 up from 53.2 last month.
Shortly after that report, the Institute for Supply Management‘s manufacturing index was reported at 51.9, better than expected and up from last month’s 51.5.
Treasuries fell with the yield on the benchmark 10-year note rising to 1.88% up from 1.83% at Monday’s close. The yield had also climbed overnight as overseas readings on PMIs, including in China, came in stronger than expected.
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