August construction spending +0.2% vs. -0.2% estimated

Breakdown

• August construction spending rose by 0.2%, exceeding the estimated -0.2%. 8s
• July construction spending was revised up to a 0.2% increase from a 0.1% decrease. 22s
• The August and July readings are tied for the best this year, with similar strength last seen in August of the previous year. 29s
• Delayed government data is now being released following a shutdown, with more reports expected soon. 43s
• Ten-year Treasury yield stands at 4.13%, down two basis points; two-year yield is at 3.60%, virtually unchanged. 1m 3s