At 09:00cdt {14:00gmt}, the Institute for Supply Managers (ISM) released its survey of manufacturing purchasing managers beliefs of their future buying activity. It was expected to be 51.0 to 52.0. The ISM was 50.9. This did bring the 10-year Treasury down to 4.630% which was -.018% lower than Friday’s close.

At 10:00cdt {15:00gmt} the 10-year Treasury was within -.002% of Friday’s close with the rate at 4.646%. There was a 4 week Treasury bill announcement which may have had less demand than expected.

Since that time rates have remained close to that level with the 10-year Treasury at 4.644% and -.004% from Friday.

TOMORROW, 03 APRIL.

It could be a very quiet day on Tuesday, assuming that international events do not escalate.

UBS Store Sales, and Redbook are two weekly guesses at what retail sales are doing. There are no predictions for these and they seldom affect rates. We watch them only as they give a clue to the all important Retail Sales numbers.

Pending Home Sales are out at 09:00cdt {14:00gmt}. It is very rarely watched but could be important. The Residential Real estate sector is in a dive, but it appears that the dive may be at a bottom. If nothing else, it is in a state flux.

Auto and Truck Sales will be published at 16:00cdt {21:00gmt}. Since it is out way after the market closes, it will not impact rates tomorrow, it MAY have some on Wednesday’s opening, but only if it is way outside of the predicted 12.7m to 16.5m.

[Publisher’s note: In an attempt to clean up our blog, we will post all three outlooks on Monday only. We will post an outlook on days when one is modified.]

Steve Boxmeyer [612] 799 – 6858
steve@LendWithIntegrity.com