The 5- and 10-year Treasury yields finished near six-week highs today as government bonds in both the U.S. and Europe continued their sell-off that began on Tuesday (prices move inversely to yields). While Mario Draghi's hawkish remarks three days ago were said by the ECB on Wednesday to have been misinterpreted by the market, investors have kept their fingers on the sell button anyway. U.S. data out today showed that personal income growth in May beat expectations, but that was offset by a downward revision to April's data. Personal spending and Core PCE Prices growth came out in line with their Briefing.com consensuses. The Chicago PMI showed very strong sentiment at Midwestern manufacturers and the Michigan Sentiment Index of consumer confidence was revised higher. WTI crude is now up by four dollars per barrel from its low last Wednesday. The S&P 500 now trades about 25 points higher from Thursday's low and is higher by 0.42% to 2,429.5. The U.S. Dollar Index is adding 0.06% to 95.69.