A surprising drop in durable goods orders nudged credit market prices higher yesterday, but municipal trading was light ahead of more issuance.

New orders for durable goods dropped 2.4% in May, to $119.5 billion, the first decline in three months. Economists surveyed by The Bond Buyer generally expected a 0.8% increase.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.