Reply To: Traders Market Weekly: A Magical Green First Quarter for Stocks

#73576
Truman
Participant

The ADP Employment Change estimated 184,000 private payrolls were added in March (consensus 150,000) following a revised increase of 155,000 in February (from 140,00).

Treasury yields moved higher in response.

The 10-yr note yield moved from 4.37% just before the release to 4.39% now.

THEN:

The S&P Global US Services PMI dropped to 51.7 in the final March reading from 52.3.

The ISM Non-Manufacturing PMI fell to 51.4% in March (consensus 52.6%) from 52.6% in the prior reading.

Treasury yields turned lower in response. The 10-yr note yield is back below the 4.40% mark at 4.38%.