Bonds extend gains after weak durable goods
Government bond prices extended gains on Wednesday after a weaker-than-expected May durable goods orders report.
The benchmark 10-year note's price traded up 12/32 for a yield of 5.03 percent, versus 5.05 percent before the report and compared with 5.08 percent late on Tuesday. Bond yields and prices move inversely.
© Copyright Thomson Reuters 2024. All rights reserved.
Join the Discussion
Editor's pick