By Polya Lesova, MarketWatch
NEW YORK (MarketWatch) — Treasurys fell on Monday as data showed a surge in orders for durable goods in December, boosting optimism about economic growth and reducing demand for safe-haven assets.
Yields on 10-year notes 10_YEAR +2.05% rose 4 basis points to 1.99% and those on 30-year bonds 30_YEAR +1.05% climbed 4 basis points to 3.17%.
Bond prices move inversely to yields. A basis point is one one-hundredth of a percentage point.
Yields were supported by news that durable-goods orders rose 4.6% in December, propelled by a large batch of orders for Boeing Co. BA -0.76% aircraft. Economists surveyed by MarketWatch had expected orders to climb 2.3%.
Without the transportation sector, orders rose 1.3%, the Commerce Department reported.
On Wall Street, stock futures pointed to a higher opening, with S&P 500 futures SPH3 +0.19% up 3.30 points at 1,499. Read more on stock futures.
Polya Lesova is MarketWatch's New York deputy bureau chief. Follow her on Twitter @PolyaLesova.
