Bonds have been under pressure today. Some of that pressure has abated in early afternoon trading as stocks reversed direction, however bonds remain down in price and slightly up in yield/rate.  In economic news, Durable Goods orders for April were up 2.9% vs expectations of a 1.5% increase.  However, excluding the transportation component, orders were down 1.0% vs expectations for a .7% increase.  New Home Sales for April increased to an annualized pace of 504,000 vs expectations for an increase to 425,000.