(Bloomberg) -- Treasuries extended declines after a private report showed U.S. service industries grew at a greater- than-forecast level last month.
The Institute for Supply Management's index of non- manufacturing businesses including banks, builders and retailers increased to 56. The median forecast in a Bloomberg News survey of economists was for a reading of 53. The level was 52.4 in March. Readings above 50 indicate expansion. Services account for 90 percent of the economy.
Read more at Bloomberg Bonds News
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