Stocks are holding steady at session highs as oil prices trade near $101.40 per barrel with a 0.8% loss.
Treasuries have been backed down amid the stock market's strong bounce this session. In turn, the benchmark 10-year Note is down about 23 ticks so that its yield is back up to 3.56%, which is its highest level in more than a week. The yield on the 30-year Bond is at a one-week high of 4.63% as its price drops more than a point.
The dollar has managed to trim its loss in recent trade. It had been down modestly earlier this morning, but it now trails a basket of major foreign currencies by less than 0.1%.
Economist Steve Stanley at Pierpont says nonmfg ISM "statistics are impressive, the breadth of the rise speaks to a broad-based recovery." He says rising employment index is evidence payrolls soon will gain.
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