Better than expected.
No major market reaction yet.
The number is a bit of laggard as it dates back all the way to July.
Ahhhh.... Remember those days? When we had to walk uphill both ways in the snow? Because we couldn't afford any oil? to Make any Gas? To put in our flamethrowers? To burn off all that snow?
Who even cares about July when we are discounting significantly more important reports like CPI and PPI in favor of future inflation expectations.
We might see some slight selling by default (market sees "better than expected" sometimes it takes a while for the final reaction to work itself out).
Whatever the case, we're still looking to hold 101-00 for today and are still at 101-03 only down a tick and a half today. Stay tuned... Stay Floating....