Chicago Purchasing Manager index reported 52.7, much lower than economist’s expectations of 56.8, and last month it was 56.2. It was 64.0 in February 2012. 52.7 is the lowest number since September 2009. Numbers greater than 50 signal growth, numbers less than 50 signal contraction.
Together with the GDP numbers clearly the economy is starting to feel the effects of the Euro crisis.
The 10-Year Treasury blew through the 1.60% barrier and is trading around 1.592%.
You can’t put lipstick on this pig. This is a bad number. BAD, BAD, BAD!
Assistant State Treasurer
Chief Investment Officer
State of Louisiana
Department of the Treasury
445 North Blvd, 7th Floor
Baton Rouge, LA 70802
P.O. Box 44154 Capitol Station
Baton Rouge, LA 70804-4154
One City Plaza, 7th Floor
Corner of North Blvd & 4th Street
Exit 1B I-110 Convention Street,
Turn Left to get to North Blvd,
Turn Right on North Blvd