Wow. Philly Fed is a diffusion index, so anything above zero is positive. 35.9 is very positive. It also tracks closely with ISM.
Prices paid rose to 67.2 from 54.3 in January.
The market had been expecting a rise to 20.9.
Look for yields to rise off their lows on that blow out report.
US leading indicators rose 0.1% in January.
