NY Fed outright purchase: Fed is buying $2.0 B to $2.5 B in notes NY Fed outright purchase: Fed is buying $2.0 B to $2.5 B in notes dated from May 15, 2021 through February 15, 2024. Treasury yields continue to climb higher on improving fundamentals, with the 7-year sector underperforming, despite today's buyback. The 7-year yield is up 6 bps to 2.37%, while the 10-year is up 5 bps to challenge 2.80%.
U.S. Factory Goods Preview U.S. Factory Goods Preview: February factory goods orders are expected to be up 1.5% (median 1.2%) following a 0.8% decline in January. Shipments and inventories should both reveal 0.8% gains for the month. This report comes alongside the already released durable goods figures for the month where analysts saw orders up 2.2%, shipments up 0.9% and inventories up 0.8%.