There will be very abbreviated postings for the next few days.   

Econ items that partially influenced rates will be marked with an Ý or an ß.  Items that impacted rates will be marked with a ÝÝ or a ßß

Items that greatly impacted rates will be marked with aÝÝÝ or a ßßß

Personal Income:  Expected at +0.2% to +0.4%.  Reported at +0.5%   Ý

Personal Spending:  Expected at +0.3 to +0.4%.  Reported at +0.4%

Core PCE:  Expected at +0.1% to +0.2%.  Reported at +0.1%.  Annualized 1.9%

Chi PMI:  Expected at 53.0 to 56.0.  Reported at 53.8

Factor Orders: Expected at +0.6% to +3.9%.  Reported at +.7%  Ý

Final Michigan Consumer Sentiment:  Expected at 81.0 to 83.0.  Reported at 83.4 Ý

ÝÝ  At 10:15cdt {15:15gmt} stocks changed direction and began moving upwards.  About one hour later bond rates did the same.  The 10-year Treasury went from its low of 4.517%, +.015% for the day to around 4.550%

Eventually, the 10-year Treasury closed at +.035% with the yield at 4.537%.  It most closely followed the S&P 500 and the DJIA.

Steve Boxmeyer [612] 799 – 6858

steve@LendWithIntegrity.com