ISM PMI up in January, above expectations; US manufacturing continues contraction at marginal rate; US Treasury yields fall, especially at long end; expectations of Fed rate cuts in 2024 barely change; ISM: reading corresponds to 1.9% US GDP growth annualised. The Institute of Supply Management (ISM) manufacturing Purchasing Managers Index (PMI) reached a cyclical peak in September 2017. It then started a downtrend which ended in March 2020 with a...