September ISM Non-Manufacturing (Services) stronger than expected

• October 4, 2017
• realestate
• Announcements, Business & Markets, Real Estate, Real Estate Finance

September ISM Non-Manufacturing (Services) hit 59.8 vs. estimates of 55.5

This is a strong reading considering anything above 50 is expansionary and the Services sector accounts for more than 2/3 of our economic output.  This is very negative for bonds and interest rate pricing.