March's gain to 53.7 from 53.2 prior is led by a 7.7 point jump in Production to 55.9. New Orders edged up to 55.1 from 54.5. Supplier Deliveries fell to 54.0 from 58.5 (means times are getting faster). Employment slipped to its lowest level since June, 51.1. Prices 59.0 vs. 60.0. Backlogs 57.5 vs. 52.0.
"Business beginning to heat up along with the weather," is one respondent comment.
Treasury prices slip a bit further on the print, TLT -0.7%, and the 10-year yield higher by 3 basis points to 2.76%.