June U.S. Manufacturing PMI comes in at 51.6
Yes, thank you David. SP Global PMI. This is manufacturing and this of course is going to replace the mid month read which was 51.7, now gets finalized and permanent marker at 51.6. It remains the best month over month positive change since March of this year. And do recall this is the 6th read for 2024. All six are an expansion above 50 whereas last year in 2023 we only had two of 12 above 50. But we continue to look at all the isms that will be coming out as David pointed out. And do look at the 10 year and two year which have really sold off a bit this morning. Especially pre opening of the equities, we see that yields are up about 3 basis points, in the front about four basis points and the longer maturities and squawk on the street return after a very short break.