While you were sleeping: Durable goods disappoint

Mon, 26 Jun 2017

By Margreet Dietz June 27 (BusinessDesk) - Wall Street was mixed, while US Treasuries rose amid concern the pace of economic growth might ease. A Commerce Department report showed US durable goods orders fell more than expected in May, while orders for business equipment posted a surprise decline, bolstering concern about the strength of economic growth. Treasuries rose, pushing the yield on the 10-year note two basis points lower to 2.13 percent. "The bond market is signalling an economic slowing," Paul Nolte, portfolio manager a...

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