U.S. Factory Output & Jobs Improve –

The Institute of Supply Management’s factory index rose to 53.9 for the month of December.  The increase marked the fastest that U.S. manufacturing has expanded in the last 6 months.  The jobs report also showed gains for the month of December.  Positive factory and jobs data helped send Treasuries lower in trading last week.  The Ten year note yield rose to 1.96%.

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Jim Sutliff

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