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.
US treasury auctions off $27 billion of 30 year bonds at 2.04% versus WI 2.03%
WI at the time of the auction was 2.03%.
- high yield 2.04%
- WI 2.03%. 1.0 BP tail
- Bid to cover 2.21x vs 2.27X six month average
- Direct (a proxy for domestic demand) 21.0% vs 19.0% six month average
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