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Durable Goods Orders Rebound Strongly in March
Durable goods orders in March rebounded more than expected, marking a significant surge for the twelfth consecutive month. This strong performance in core durable goods has contributed to higher bond yields.
29 Apr, 12:34 — 29 Apr, 13:43
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seeking-alphaMixed103d ago
Durable goods rebound more than expected in March
Read full article →zerohedgeLow103d ago
Core Durables Goods Surge For 12th Straight Month, Push Bond Yield Higher
Core Durables Goods Surge For 12th Straight Month, Push Bond Yield Higher After a recent string of 'soft' survey data, this morning we get some 'hard' data and it was far stronger than expected. Preliminary headline durable goods orders for March rose 0.8% MoM (better than the 0.5% MoM exp), and the first increase after a three month decline to start the year (which was the first 3-month decline since Nov 2019). The increase took place despite continued weakness in aircraft o...
By Tyler Durden
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First report: seeking-alpha · 29 Apr, 12:34|Full coverage: 2 · 1h|Window: 1h
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