- "Any lifting of interest rates before mid-year is looking increasingly unlikely," says Markit Chief Economist Chris Williamson, noting new orders in his company's services PMI for January recorded their smallest increase since the financial crisis.
- "Companies are clearly struggling at the moment," he says, but with his other hand: Firms remain in "hiring mode," and the PMI suggests a strong January jobs print (report due on Friday morning).
- The 10-year Treasury yield is up two basis points at 1.81%.
- Previously: Service sectors sees growth in January (Feb. 4)
- Previously: ADP: Energy shedding jobs, can other industries make up the slack? (Feb. 4)
- ETFs: IEF, PST, IEI, TYO, DTYS, UST, VGIT, TBX, GSY, SCHR, DTYL, TYD, ITE, DFVL, TBZ, FIVZ, DFVS, TYNS, SYTL