30YY Taps 2.9268, May 2019 Level

FI markets trading broadly weaker after the early closing bell (Globex closes normal time at 1700ET), near late lows as 30YY hits 2.9268 high -- last seen May 2019.

• Little delay in post-US data selling into bid that developed after steady ECB policy annc. Retail Sales in-line w/ estimates (+0.5%), weekly claims slightly higher (+185k) continuing claims lower (1.475M) while Import/Export prices stronger than expected in all areas.
• Eurodollar futures under heavy pressure as 50bp rate hike chance on the rise again after NY Fed Williams sees 50bp hike in May as a "very reasonable option" in the Fed's effort to "get inflation back to 2%." while they can debate MBS sales further down the road."
• No obvious headline or technical drivers in late morning trade to explain the move, some desks noting carry-over selling in 5s-10s on post-ECB sell positioning.
• After bear flattening in first half, yield curves looking mixed after the bell, off lows: 2s10s at 37.355 (+2.909) vs. 28.308 low; 5s30s at 4.177 (-.0151) vs. 2.136 low.