Bond prices nearly unaffected by recent data, US equities recover slightly from weak opening
Durable goods orders rose 1.2% in February vs. expectations of 1%. Ex-transportation orders were flat. Capital goods ex-defense and ex-transportation are up 2.6% year on year but flat on the month. Bond prices were nearly unchanged on the news. Equity markets meanwhile have come back slightly from a weak opening with the DJIA down 46 points.