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2026-05-28 21:05:06
[US economic data mixed, Treasury yields fall] (1) US durable goods orders rose 7.9% in April, far exceeding market expectations of 3.5%, but were mainly driven by a surge in orders for non-defense aircraft equipment. (2) The second estimate of first-quarter GDP growth was unexpectedly revised down from 2% to 1.6%; weekly initial jobless claims rose to 215,000 (previous value revised up to 210,000), exceeding expectations, indicating that companies are laying off workers at an accelerated pace. (3) The PCE inflation rate rose as expected from 3.5% to 3.8%. After the data was released, the 10-year US Treasury yield fell from 4.508% to 4.485%, and the 2-year yield fell from 4.070% to 4.045%.
