Reply To: Traders Market Weekly: Rates, Banks and Herd Mentality


Durable goods orders rose 1.4% in February (consensus 1.3%) following a revised 6.9% decrease in January (from 6.1%).
Excluding transportation, durable goods orders rose 0.5% in February (consensus 0.4%) following a 0.3% decrease in January.

The key takeaway from the report is that business spending rebounded after a poor January as nondefense capital goods orders increased 4.4%.

Treasury yields turned higher in response.
The 10-yr note yield was at 4.23% just before 8:30 ET, but moved to 4.26%.

2-yr: -2 bps to 4.61%
3-yr: +2 bps to 4.42%
5-yr: +2 bps to 4.25%
10-yr: +1 bp to 4.26%
30-yr: -1 bp to 4.42%