Reuters
U.S. Treasuries trim losses on mixed orders data
Wednesday August 25, 8:45 am ET
NEW YORK, Aug 25 (Reuters) - U.S. Treasury debt prices trimmed early losses on Wednesday after a report on durable goods orders proved mixed rather than unequivocally upbeat.
Orders for U.S. durable goods rose 1.7 percent in July when median forecasts had been for a 1.0 percent gain. However, most of the rise was accounted for by aircraft, and excluding that orders were up just 0.1 percent. Some analysts had been tipping a much stronger result.
Core capital goods order, excluding aircraft and defense, rose 0.6 percent while shipments rose 1.7 percent.
The benchmark 10-year note (US10YT=RR) cut its losses to be down 2/32 in price, leaving yields at 4.29 percent from 4.28 percent late on Tuesday.