http://MikesDailyMarketReport.com: Jobs data will be the big news this week, but today, we have: Retail Sales, which declined by 0.2% in February; and declined by 0.4% without Autos. Manufacturing is a bit Mixed today, as the Markit Manufacturing PMI dropped from 53 to 52.4 in March; while ISM Manufacturing Index increased from 54.2% to 55.3%. Construction Spending rose 1% in February. Business Inventories rose 0.8% in January. Stocks are trading in Positive Territory, as Manufacturing in China improved after 4 months of contraction. However, the news wasn't as good in the EU, as it continued to contract. Talks resume in Washington between the US and China this week. Reports from both parties indicate talks progressing nicely. MBS is down 22bps, which translates to a little higher Mortgage Rates today; as, Investors move their funds from safe havens, like Bonds/MBS, to more risky investments, such as equities/stocks. Yields have jumped up to 2.49%. Much higher than last week!
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