April Durable Goods Orders Point to Improving Economy

Bond prices fell after a solid April Durable Goods report was posted at 8:30 a.m. ET Tuesday. Orders fell by 0.5% in April, which was as forecast. Nondefense capital goods orders excluding aircraft, increased by 0.2%. The best news was in capital goods shipments minus defense and air. That number increased 0.8% in April and [...]