Partly reflecting a spike in the output of motor vehicles and parts, the Federal Reserve released a report on Friday showing U.S. industrial production increased by much more than expected in the month of March.
After reporting an unexpected contraction in New York manufacturing activity in the previous month, the Federal Reserve Bank of New York released a report on Friday showing a substantial rebound in activity in the month of April.
The trend of strong 10-year auctions and soft 30-year auctions continues
Tough one to make sense of
For the past half year there has been a consistent trend of strong 10-year US auctions and weak 30-year sales.
In theory, markets should adjust to that but for some reason they aren't.
Leave a comment