Daily Market Update 3/1/16

Rates held steady Tuesday as today’s key economic data came in close to expectations.  January Construction Spending increased by 1.5%, beating forecast, to the highest level in 8 years.  The Institute for Supply Management manufacturing index rose to 49.5, a bit higher than expected.  Readings below 50.0 indicate contraction in the manufacturing sector.  Stocks moved higher.  No other key data will be released today.

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