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		Home Page Mortgage News You Can Use Treasuries Recoup Losses on Soft Data 1/28/2004 NEW YORK (Reuters) - Treasury prices recouped early losses on Wednesday after figures on big-ticket industrial orders proved surprisingly soft -- adding yet another reason not to expect any changes from the Federal Reserve at its meeting today. Orders for durable goods were unchanged in December when analysts had looked for a 2.0 percent gain after November's revised 2.3 percent drop. The breakdown was also soft, with orders excluding transportation down 0.7 percent, while nondefense capital goods excluding aircraft, a proxy for business investment, dipped 0.4 percent. The benchmark 10-year note <US10YT=RR> regained all its lost ground to be up 1/32, taking its yield to 4.08 percent from 4.09 percent. The two-year note <US2YT=RR> was steady at 1.65 percent.   Back to Original Article: Mortgage News You Can Use   Continue with: Are debt-consolidation loans a good idea?
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