Bonds Higher

Treasuries were higher Thursday after a weaker-than-expected March Durable Goods Orders report

Treasuries closed higher Thursday after a weaker-than-expected March Durable Goods Orders report, according to MarketScope. Several economists revised their first-quarter GDP estimates on 2.8% fall after a 0.2% decrease in February, which was revised from 0.3%. Earlier in the day, Treasuries opened lower on rumor that Korea would sell U.S. Treasuries to fund a new company. In the afternoon, treasuries were dragged down by plunging energy futures and rallying stocks, according to Informa. 10 year notes were higher at 98-05/32 for a yield of 4.235%, and 30-year bonds were higher at 112-19/32 for a yield of 4.546%.

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