May 31 (Bloomberg) -- Spending on U.S. construction projects unexpectedly improved last month, as work increased on non- residential projects such as hotels and factories even as homebuilding continued to slump.
The 0.1 percent increase followed a revised 0.6 percent gain in March that was larger than first reported, the Commerce Department said today in Washington.
This is putting pressure on yields. We could be seting up for some profit taking either today or tomorrow, unless of course the bond drop softens.
The 0.1 percent increase followed a revised 0.6 percent gain in March that was larger than first reported, the Commerce Department said today in Washington.
This is putting pressure on yields. We could be seting up for some profit taking either today or tomorrow, unless of course the bond drop softens.
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