December Industrial Production Beats Expectations with Strong Gains

December Industrial Production Data

• 📈 Industrial production for December significantly exceeded expectations, coming in at up 0.4%.
• 💡 This figure is stronger than the anticipated 0.1% increase and marks the best levels seen since June.
• 🚀 Last month's industrial production was also revised upwards from 0.2% to 0.4%, indicating consistent positive momentum.

Capacity Utilization Rates

• 📊 The capacity utilization rate for December reached 76.3%, surpassing the expected 76%.
• ⚠️ Last month's utilization rate was also improved, moving from 76.0% to 76.1%.
• 🎯 The 76.3% figure for December is the highest level seen in quite some time, nearly equaling July's slightly higher rate.

Market Yields and Spreads

• 🔑 Ten-year Treasury yields are hovering around 4.19%, with recent closing yields showing very little movement.
• 💰 Spreads in corporate bonds are currently among the tightest observed since 2007.