TREASURIES-U.S. bond prices up on drop in durable goods orders
NEW YORK Aug 26 (Reuters) - U.S. Treasuries prices rose on Monday after the government reported a bigger-than-expected drop in orders for long-lasting manufactured goods in July.
The 10-year Treasury note rose 8/32. Its yield eased to 2.79 percent from 2.82 percent late on Friday.
The Commerce Department said orders for durable goods fell 7.3 percent, more than the 4.0 percent drop economists polled by Reuters had forecast and the sharpest drop in nearly a year.
Orders rose, however, in each of the previous three months.
- North Korea says Kim's powerful uncle dismissed for 'criminal acts'
- Thai PM calls snap election, protesters press on |
- Protesters fell Lenin statue, tell Ukraine's president 'you're next'
- Singapore hit by rare outbreak of rioting, 27 arrested |
- Venezuela's Maduro to raise pressure on business after local vote