Updated on June 15, 2018 10:22:21 AM EDT
Mays Industrial Production data was posted at 9:15 AM ET this morning. It showed a 0.1% decline in output at U.S. factories, mines and utilities last month. This was weaker than forecasts of a 0.2% increase and hints at softer manufacturing activity. Since the report showed a weaker number than expected, we can consider the data favorable for bonds and mortgage rates.