Reply To: Traders Market Weekly: Avoid Whiplash, Fasten Your Seatbelts


Factory orders increased 1.6% month-over-month in March (consensus 1.60%) after increasing a revised 1.2% (from 1.4%) in February. Excluding transportation, factory orders increased 0.5% on the heels of a 1.1% increase in February. Shipments of manufactured goods were up 0.3% after increasing 1.4% in February.

The key takeaway from the report is that there was a pickup in new orders in March for durable and nondurable goods, demonstrating that demand for manufactured goods has not fallen by the wayside.

Treasury yields didn’t react much to the data.

The 10-yr note yield was at 4.65% shortly before the release, but sits at 4.63%.