Reply To: Traders Market Weekly: Fear, Greed, War and Volatility


Total industrial production increased 0.4% month-over-month in March (consensus 0.4%) after increasing an upwardly revised 0.4% (from 0.1%) in February. The capacity utilization rate hit 78.4% (consensus 78.6%), which was up from 78.2% in February. Total industrial production was flat yr/yr while the capacity utilization rate was 1.2 percentage points below its long-run average.

The key takeaway from the report is that industrial production remained on a growth track in March, driven by gains in manufacturing output that one would expect to see in a growing economy.

Treasury yields moved higher in response.

The 10-yr note yield moved from 4.66% to 4.68% and the 2-yr note yield moved from 4.95% to 4.96%.