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Finding a bid post US Data

BONDS
  • Quite a mixed set of Data for the US, Jobless and continuing Claims missed estimates, GDP and Wholesales beat estimates but revised lower for Wholesales.
  • The initial sell off in Treasuries was on the 3.3% GDP Annualized QoQ print, way above consensus.
  • Core PCE Price Index QoQ was inline.
  • A 10 big ticks swing in TYH4, but remains bid post data, while interestingly, despite the move lower in Yields, Equities are spiking.

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