Treasuries are higher than yesterday at the opening of today’s session. The yield on the UST10-Year is currently at 2.873% after closing at 2.882% during the prior session.
Month-over-monthFactory Orders for January came in today at -1.40%, matching market estimates but off from previous mark of 1.80% revised. Further, month-over-month Factory Orders Ex Transportation for January rose 0.40% following a 0.90% rise prior revised. Also in today, month-over-monthDurable Goods Orders forecast for January reflected a -3.60%, matching survey and modestly up from prior -3.70%; while month-over-monthDurable Goods Orders Ex Transportation forecast for January reflected a -0.30%, matching its prior mark. Finally, month-over-month Non-Defense Capital Goods Orders Ex Aircraft & Parts forecast for January reflected a -0.30% versus prior -0.20%; while Capital Goods Shipments forecast for January reflected a -0.10% versus prior 0.10%.
New York Fed President Dudley speaks today at the U.S. Virgin Islands; Fed Governor Lael Brainard speaks today in New York; and Dallas Fed President Kaplan speaks today in Houston.
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Month-over-month Factory Orders for January came in today at -1.40%, matching market estimates but off from previous mark of 1.80% revised. Further, month-over-month Factory Orders Ex Transportation for January rose 0.40% following a 0.90% rise prior revised. Also in today, month-over-month Durable Goods Orders forecast for January reflected a -3.60%, matching survey and modestly up from prior -3.70%; while month-over-month Durable Goods Orders Ex Transportation forecast for January reflected a -0.30%, matching its prior mark. Finally, month-over-month Non-Defense Capital Goods Orders Ex Aircraft & Parts forecast for January reflected a -0.30% versus prior -0.20%; while Capital Goods Shipments forecast for January reflected a -0.10% versus prior 0.10%.
New York Fed President Dudley speaks today at the U.S. Virgin Islands; Fed Governor Lael Brainard speaks today in New York; and Dallas Fed President Kaplan speaks today in Houston.
The curve has bull-flattened with the UST 10-Year yield down 0.9 bp from prior closing.