- ISM Biz Activity (Oct)
- 54.3 vs -- f'cast, 49.9 prev
- ISM N-Mfg PMI (Oct)
- 52.4 vs 50.8 f'cast, 50.0 prev
- ISM Services Employment (Oct)
- 48.2 vs 47.6 f'cast, 47.2 prev
- ISM Services New Orders (Oct)
- 56.2 vs 51.0 f'cast, 50.4 prev
- ISM Services Prices (Oct)
- 70.0 vs 68.0 f'cast, 69.4 prev
ISM came in stronger than expected across the board. There's no good new for bonds here. Volume is spiking to the highest levels of the day and selling is ramping up. MBS down a quarter point and 10yr up nearly 6bps at 4.144.
