New Orders of 55.1 is flat from March. Production of 55.7 down from 55.9. Employment of 54.7 up from 51.1. Prices of 56.5 down from 59. Supplier Deliveries of 55.9 up from 54.0. Backlogs of 55.5 down from 57.5.
Despite the small beat in the headline number (54.9 vs. 54.3 expected), Treasury prices are adding to gains, and the 10-year yield is lower by two basis points to 2.63%.
Previously: Jobless Claims rise to 344K