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Slightly Weaker After Industrial Production Report
Posted to: Micro News
Monday, June 16, 2014 9:30 AM
MBS and Treasuries both moved into negative territory after the Industrial Production data, but subsequently ticked back and forth on either side of 'unchanged.' The data isn't a hugely compelling source of selling-pressure, but the slight move weaker did coincide with its 9:15am print time.
Industrial Production and Capacity Utilization:
- May Industrial Output +0.6 vs +0.5 forecast
- April revised to -0.3 from -0.6
- Capacity Use rate 79.1 vs 78.9 forecast, 78.9 in April
- Manufacturing Output +0.6 vs +0.5 forecast, +0.1 in April (highest since March 2008)
- Excluding Auto sector +0.5 vs -0.3 in April
Equities futures have also been rising ahead of the 9:30am cash open and the stock lever has been fairly well connected.
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