Updated on July 1, 2016 10:48:28 AM EDT
Today’s only relevant data came at 10:00 AM ET when the Institute of Supply Management (ISM) released their manufacturing index for June. It came in at 53.2, exceeding expectations of 51.5. This indicates that more manufacturing executives felt business improved during the month than many had thought. Since that is a sign of manufacturing sector strength, the news is negative for bonds and mortgage rates. The reaction also means the markets are paying attention to economic reports again instead of Brexit-related issues.