So far bond markets are not responding to a lower July Durable Goods report, which showed a .3% increase overall which was less than the 3% increase expected and a 3.8% decline when the Transportation component is removed vs expectations for a .5% increase ex-Transportation.  June's previously reported decline in Orders of 1.2% was revised upward to a decline of .1%.  June's ex-transporation #s were revised upward to a .2% increase from a previously reported .9% fall.