Afternoon Note
The market got a little bounce and bond yields eased a bit when Treasury announced its refunding auctions.
November Refunding |
Three Year |
10 Year |
30 Year |
Estimate |
$48 billion |
$41 billion |
$25 billion |
Actual |
$48 billion |
$40 billion |
$24 billion |
ISM Manufacturing 46.7; consensus 49.0
The Jolts Report was out this morning as well, coming in a fraction higher than expected. The report is losing a lot of influence.
The breakdown is not that flattering.
JOLTS
Positives |
September |
August |
Construction |
431,000 |
375,000 |
Manufacturing |
627,000 |
604,000 |
Finance |
479,000 |
410,000 |
JOLTS
Negatives |
September |
August |
Information |
160,000 |
201,000 |
Healthcare |
1,758,000 |
1,808,000 |
Leisure |
1,414,000 |
1,233,000 |
Technology is the best performing sector powered by Advanced Micro Devices (AMD) - which reported last night - and gains from NVIDIA (NVDA) and Microsoft (MSFT).
Tweet |
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