The news was something less than a surprise. In fact, factory orders for July dropped less than the consensus predicted, according to TheStreet.com. No matter, the stock market wasn’t much in the mood to celebrate. The S&P 500 closed down modestly today. The bond market, meanwhile, took the other side of the sentiment trade by bidding up the price of the 10-year Treasury. The yield on the benchmark bond fell sharply by the end of Tuesday’s session, settling at 4.1%, the lowest since July 11.