More on Richmond Fed: The big gain was led by a jump in New Orders to 9 from -10 previously. Number of Employees 4 vs. 3. Average workweek 12 vs. -6. Expected hiring plans jumps to 13 from 4. The wave of solid economic news - Durable Goods, Case-Shiller, New Home Sales, Consumer Confidence - has taken the starch out of early bond market gains, TLT -0.3%, and the 10-year Treasury yield is up a couple of bps to 2.55%. Stocks back off a big early advance, the S&P 500 (SPY +0.5%).
More on Richmond Fed: The big gain was led by a jump in New Orders to 9 from -10 previously....
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