Daily Market Update 5/5/15

Rates faced upward pressure Tuesday in highly volatile trading.  In economic news, the March Trade Deficit jumped to $51.4 billion, far exceeding forecast, to the highest level since October 2008.  Analysts cited a stronger U.S. dollar and the end of the West Coast port strikes as the primary reasons for the surge in imports.  The Institute for Supply Management Services index rose to 57.8, a bit higher than expected.  Readings above 50.0 indicate expansion in the services sector of the economy.  No other key data will be released today.

Back to top