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Weak Durable Orders Helps Bonds
Posted to: Micro News
Tuesday, January 28, 2014 8:45 AM
The weakness in the bond markets continued overnight with the benchmark 10 year treasury note reaching a high of 2.78. Following a much weaker than expected Durable Goods Orders report, printed at -4.3% month over month on expectations of a 1.8% gain, the bond market has improved. Fannie Mae 4.0 coupon is currently up 2 ticks on the day at 104-10 while the 10 year treasury has rallied to a 2.74 yield.
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