Daily Market Update 1/3/17

Rates faced upward pressure Tuesday as newly released economic data came in above expectations.  November Construction Spending rose 0.9% to a 10-year high, beating the consensus forecast for an increase of 0.5%.  The Institute for Supply Management manufacturing index increased to 54.7, a bit higher than expected.  Readings above 50.0 indicate expansion in the manufacturing sector.  No other key data will be released today.

Back to top