May 25, 2018
Durable goods opened the second quarter stronger than expected, rising 0.9 percent in April with core capital goods up 1.0 percent. Tariffs did lift the results with orders for primary metals and fabrications both rising sharply.
Demand for Treasuries came alive in the week with the 10-year yield down 14 basis points and back under 3 percent at 2.93 percent. The Dow, at 24,753, ended the week slightly higher with oil unable to hold $70, falling 5.1 percent to $67.71.