Capital Markets Update – Treasury Prices Fall After Fed Announcement

Treasury prices fell yesterday after the Fed confirmed its intention to withdraw from stimulus measures put in place to lift the economy.

In today’s economic news, December durable goods orders report was expected to show a solid gain of +2.0%.  The actual number came in lower at 0.3%. 

Today’s initial unemployment claims report was forecast to show a decline from the previous week, continuing claims were also expected to drop.

Both reports came in slightly worse than expected.  Lastly, the Treasury will sell $32 billion in 7-year notes, concluding this week’s $118 billion package.

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