Morning Note | March 1, 2023

Good Morning!

Markets are mixed /slightly lower as bond yields have risen more.  The 1-year treasury yield is now firmly above 5.0%.  Futures were up most of the morning following stronger-than-expected PMIs out of China with the index rising to 52.6 in February, the highest monthly read in 10 years.  US manufacturing PMI came out later showing a 47.7 re…