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A Touch Cheaper As PCE Digested

US TSYS

TY futures show either side of pre-data release levels as participants digest the PCE data suite, which was largely in line with expectations, save some 0.1ppt deviations vs. BBG survey consensus (M/M & y/Y headline PCE deflators both undershot exp. by 0.1ppt, with real personal spending topping exp. by 0.1ppt Y/Y). Weekly jobless claims gyrtations also factored in.

  • The contract last shows -0-04+ at 110-05 after initially testing Asia-Pac highs at 110-14, before going on to test session lows at 110-03. Tsy yields moved 2-3bp higher vs. pre-release level, last showing 1.5 to 4.0bp higher on the day.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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