Industrial Production and Capacity Utilization
November's Industrial Production report is set for release mid-morning Tuesday. This report gives us a measurement of manufacturing sector strength by tracking output at U.S. factories, mines and utilities. Forecasts are calling for a 0.9% rise in output, mostly a result of the end of the GM strike in late October. Normally, a decline is good news for bonds, but that is not likely due to the heavy impact of GM factories reopening as workers returned to work. A stronger reading would show manufacturing strength and be considered bad news for rates.