Report: ISM report miscalculated; print actually met estimates


The 10-year Treasury yield turns higher by a few basis points to 2.54% amid a report the ISM miscalculated this month's manufacturing survey data, applying the May seasonal adjustment to April The proper calculation would have had the print at 55.4 - roughly inline with estimates - as opposed to 53.2.

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

Previously: More on ISM decline

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Comments (2)
  • jackmayes
    , contributor
    Comments (17) | Send Message
     
    Obviously the ISM owned TLT and not TBT (and then switched quick)
    2 Jun 2014, 02:40 PM Reply Like
  • Marek
    , contributor
    Comments (1516) | Send Message
     
    So, as a very young Kevin Bacon put it in Animal House:

     

    "Do not panic. All is well!"
    2 Jun 2014, 05:37 PM Reply Like
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