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FI Reverse Gains Post-CPI

US TSYS
Tsys reverse gains after higher than expected CPI: +0.3% MoM/+8.3 YoY, core +6.2% YoY vs. 6.0% est, spurs renewed selling across the board as market anticipates extended 50bp rate hikes.
  • Eurodollar Whites-Reds extend session lows, currently -0.030 in lead quarterly to -0.110.
  • In turn weighs on equities, SPX eminis had been trading around 4045.0 now below 4000 again at 4967.5 -29.0.

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