ISM Services: New Orders contract first time sine July 2009

|By:, SA News Editor

Treasury prices get a boost after the slow ISM services report - the headline of 53 missed consensus expectations of 54.8, but New Orders tumbled 7 points into contraction territory of 49.4 after 52 consecutive months above 50.

"Early, severe winter weather has had a major impact on business. Both customers and employees were unable to reach the workplace," says one commenter from the Arts, Entertainment, and Recreation industry.

The 10-year yield is down 4 basis points at 2.96%. TLT +0.5%, TBT -1.1%.

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

Full ISM report