The sluggish flash PMI data and Richmond Fed data, has yields moving lower, the dollar lower and stocks higher. Looking at the yield curve, the shorter end is lower as traders adjust to the surprise weakness and ponder does this ease the Feds (and the markets) anxiety about growth/inflation, just when things were tilting the other way?.2 year yield 4.918%, -5.3 basis points. The high reached 5.00% earlier today5-year 4.603%, -5.7 basis points. The high reached 4.692%10 year 4.573%, -4.9 basis points. The high-yield reach 4.652%30-year 4.696%, -2.8 basis points. The high-yield reach 4.756%Looking at the major indices:Dow Industrial Average is up 0.43%S&P index is up 0.89%NASDAQ index is up 1.
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