(Reuters) - NEW YORK, April 25 - U.S. government bond prices fell on Wednesday, extending losses after a stronger-than-expected U.S. durable goods report reduced bond investors' expectations for future Federal Reserve interest rate cuts.
The durable goods report showed the closely watched nondefense capital goods orders excluding aircraft jumped 4.7 percent in March, the biggest rise since September 2004. The rise in that gauge, widely seen as reflecting business investment trends, was nearly triple economists' forecast rise.
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