Daily Market Update 12/1/15

Rates inched lower Tuesday following the release of weaker than expected manufacturing data.  This morning, the Institute for Supply Management manufacturing index fell to 48.6, far below the consensus forecast of 50.5.  Readings below 50.0 indicate contraction in the manufacturing sector of the economy.  Separately, Construction Spending rose by 1.0%, a bit higher than expected.  No other key data will be released today.

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