Treasury yields up as ISM hits highest in more than two years

|By:, SA News Editor

At 56.4, it's the highest level for the index since April 2011. Both New Orders and Production were little-changed at 60.6 and 60.8, respectively. Employment -2.2 to 53.2. Supplier Deliveries +2.1 to 54.7. Backlogs +2.0 to 51.5. Exports +5.0 to 57.0.

It's the fifth consecutive gain for the ISM, after hitting a year-low of 49.0 in May.

Treasurys (TLT -0.9%) extend their losses with the 10-year yield all the way back to 2.61% after dropping to 2.48% earlier this week. TBT +1.4%.

ETFs: TBT, TLT, TMV, TBF, EDV, TTT, TMF, ZROZ, TLH, SBND, DLBS, VGLT, UBT, TLO, FSA, LBND, TENZ, TYBS, DLBL.

Full ISM report.