Core Durables Goods Surge For 12th Straight Month, Push Bond Yield Higher

Core Durables Goods Surge For 12th Straight Month, Push Bond Yield Higher After a recent string of 'soft' survey data, this morning we get some 'hard' data and it was far stronger than expected. Preliminary headline durable goods orders for March rose 0.8% MoM (better than the 0.5% MoM exp), and the first increase after a three month decline to start the year (which was the first 3-month decline since Nov 2019). The increase took place despite continued weakness in aircraft orde...