Good news for the ECONOMY is BAD news for INTEREST RATES
Another day, another re-price as the market continued to sell off. Economic indicators have taken on a new significance since Bernanke claimed QE tapering would depend on these weekly reports. This data dependent monetary policy could add even more volatility to the market. Economists forecast durable goods orders increased after falling the most in seven months in March. This could mean another hit to the bond market as it backs the case for the Federal Reserve to slow the pace of bond buying.

Have a Wonderful weekend!!