Daily Market Update 7/3/17

Rates were little changed Monday in light trading.  In economic news, May Construction Spending was unchanged from April, below the consensus for an increase of 0.3%.  The Institute for Supply Management manufacturing index rose to 57.8, beating expectations.  Readings above 50.0 indicate expansion in the manufacturing sector.  No other key data will be released today.  Financial markets will be closed tomorrow in observance in Independence Day.

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