Updated on October 27, 2020 10:05:37 AM EDT

September’s Durable Goods Orders was posted at 8:30 AM ET this morning, revealing a 1.9% jump in new orders for items such as airplanes, appliances and electronics. This was a larger increase than 0.6% that was expected, but this data is known to be volatile from month to month. That means the variance in this data isn’t nearly as significant as it would be in other reports. Even a secondary reading that excludes larger and more costly transportation-related orders (i.e.-airplanes) came in stronger than predicted. Those increases give a sign of strength in the manufacturing sector that makes them bad news for bonds and mortgage rates.
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