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Looking for deeper insight into markets? In tonight’s Closer sent to Bespoke Institutional clients, we start out tonight with a look at equities’ new highs and whether or not high yield confirmed the move (page 1). We then take a look at volumes for this point of the year for Treasuries (page 2) followed by a 7 year note auction recap (page 3) and a look at the latest allotment data (pages 4 and 5). Next, we review the latest non-manufacturing data from the Philly Fed’s (page 6 and 7) before pivoting to an update of our Five Fed Manufacturing Composite (page 8). We close out with the EIA’s monthly update of energy production and consumption.
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