Ex Trans 0.7% vs 0.5% estimate
The US durable goods orders came in better-than-expected 2.2% versus 1% Expected. The prior month remains at 2.0%.
The dollar has moved a bit higher after the data.
The me is Probablyup to 2.47%, up 5.1 bp now. That represents a 5 month high. Staying above 2.40% supports higher yields.
A breakdown of the data shows:
- EX transportation came in at 0.7% versus 0.5%. The prior month was revised to 0.7% from 0.5%
- Capital goods orders nondefense ex-airwas also better at 1.3% versus 0.3% estimate. The prior month was revised up to 1.3% from 1.1%
- Capital goods shipments nondefense ex-air rose 0.7% versus 0.1% estimate. The prior month was revised higher to 1.2% from 1.1%
Overall a strong report. The USDJPY has moved higher to 114.20 but still remains below the London session high at 114.238.He is is is is is is is is
