Daily Market Update 7/1/14

Rates held steady Tuesday following the release of weaker than expected economic data.  Construction Spending rose 0.1% in May, falling short of expectations.  The Institute for Supply Management manufacturing index declined to 55.3, below the consensus forecast of 56.0.  Readings above 50.0 indicate expansion in the manufacturing sector.  Stocks moved higher.  No other key data will be released today.

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