U.S. stock index futures pared a gain of 8-points following the release of a disappointing durable goods report. New orders for longer-lasting goods slumped at year-end by 4.3% leaving estimates of a rise wanting.
The DEC13 U.S. 30-year bond is up 10 ticks this morning to 132’27, still moving higher in the wake of Yellen’s somewhat extremely dovish testimony last week, whereby she seemed to indicate that the Fed is nowhere close to curtailing the current stimulus.
Equities have continued to consolidate as pull backs in the S&P have remained much calmer than those of the Nasdaq. The NQ though was able to hold the major support level at 3025 with a low of 3023.50 before recovering.