Treasurys rise after GDP revision, durable goods

New York (June 25)  Treasurys rose Wednesday, pushing yields lower, after a round of weak U.S. economic data. The U.S. economy contracted 2.9% in the first quarter instead of shrinking at 1% annual pace as previously reported. Orders for U.S. durable goods, or big-ticket items, fell by more than expected in May. The benchmark 10-year Treasury note  10_YEAR -1.24%   yield fell 3 basis points to 2.541%. One basis point is one one-hundredth of a percentage point. The yield on the 30-year Treasury bond  30_YEAR -0.85%   fell 2 basis points to 3.372%.

Source: MarketWatch