MW: Treasurys swing to gains on durable goods report
By Ben Eisen
NEW YORK (MarketWatch) -- Treasurys swung from morning losses to gains Wednesday on the heels of a report showing durable-goods orders sank 5.7% in March. The 10-year note 10_YEAR +0.18% yield dropped nearly a basis point on the day to 1.704% while the 5-year note 5_YEAR +0.43% yields also dropped nearly a basis point to 0.693%. The 30-year bond 30_YEAR +0.28% yield was also down nearly a basis point to 2.899%. Economists surveyed by MarketWatch had expected a 3.2% drop in durable goods orders, but the transportation sector led the way to further softening in the monthly data point.
