Friday's triple-A muni scale in 10 years Links of London Sweetie Bracelet Medium at 88.9% of comparable Treasuries and 30-year munis were at 97.6%, according to MMD, while 30-year tax-exempt triple-A general obligation bonds were at 108.2% of the comparable London Interbank Offered Rate. The Treasury market showed some losses Friday. The benchmark 10-year note finished at 2.61% after opening at 2.55%. The Links of London Sweetie Bracelet big-year bond finished at 3.80% after opening at 3.73%. The two-year note finished at 0.45% after opening at 0.41%. In economic data released Friday, new orders for durable goods posted their biggest decline of 2010 in August, falling 1.3%. Transportation orders fell 10.3%, pulled lower by a large drop in nondefense aircraft orders. Auto orders fell 4.4%. Links of London transportation, durable goods orders rose 2.0%, the strongest monthly gain in five months. Economists expected durable goods to fall 1.0% in August and orders excluding transportation to increase 1.0%, according to the median estimate from Thomson Reuters. New home sales remained near a record low in August as they held at a seasonally adjusted annual rate of 288,000 the second consecutive month. The annualized sales pace recorded in August and July is the second-lowest on record. The lowest was May's 282,000. Economists expected 290,000 home sales for the monthLinks of London Raindance Necklace according to the median estimate from Thomson Reuters. Base metals moved higher even as agricultural commodities (wheat, corn, cotton) stayed at elevated levels albeit pulling back a little from earlier highs.
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