A stronger-than-expected durable goods report for November put a stop to the market's rate-cut euphoria Tuesday, ending a three-session rally that shaved 23 basis points from the 30-year bond.

The long bond did manage small gains, however, finishing the day up 1/16 to yield 7.51%.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

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