The 10-year Treasury yield shoots up to 2.88% following the fast ISM print which will do little to slow momentum towards the QE taper. Expectations had been for a slowdown to 53.8, but instead the index sped up a hair to 55.7 - it's highest read of the year.
Leading the way were New Orders, which jumped 4.9 points to 63.2. Prices gained 5 points to 54.0. Supplier Deliveries edged higher to 52.3. Backlogs gained 1.5 points to 46.5. Production fell 2.6 points to 62.4. Full report here.
TLT extends losses, now off 1.7%.