Daily Market Update 7/1/15

Rates faced upward pressure Wednesday following the release of stronger than expected economic data and a report that Greek leaders were willing to make concessions to meet the demands of its creditors.  In economic news, payrolls firm ADP estimated private sector job growth of 237,000 in June, above the consensus forecast of 220,000.  The Institute for Supply Management manufacturing index rose to 53.5, beating expectations.  Readings above 50.0 indicate expansion in the manufacturing sector.  Construction Spending rose 0.8%.  An increase of 0.2% had been expected.  No other key data will be released today.

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