The economic news remains mixed for the US, but the Treasury market continues to anticipate that the Federal Reserve’s first interest rate hike since 2006 is near. That’s the implied message in the upward momentum in Treasury yields.
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● US durable goods orders data suggest mfg. stabilizing | Reuters
● New US home sales rose to 7-year high in May | USA Today
● US manufacturing PMI drops to its lowest since Oct 2013 | Markit
● China Leading Index Climbs 1.1% In May – Conference Board | RTT
● Germany’s Ifo Index Drops For Second Straight Month In June | MNI
● Divisions Remain as Eurozone Ministers Meet Over Greece Deal | WSJ