Treasurys give a fall after Durable Goods

Treasurys fall after durable goods data that showed a bigger-than-expected decline, marking the second day in a row that Treasurys sold off after data that at first blush looked as if it would be supportive for government securities. Civilian aircraft orders fell by 10.0% and motor vehicle and parts orders fell by 9.0%. Excluding transportation, all other orders were up 0.5%.

The 10-Yr yield, which had hit 4.79%, its lowest level since the end of March, right before the data, inched back up to 4.81% afterwards.