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Curve Twist Steepens, Futures Narrow

US EURODLR FUTURES

EDU2/Z2/H3 Fly Given

US TSY OPTIONS

TYF2 132.00 Calls Still Being Lifted

US DATA
US DATA: New durable goods orders for April dropped by -17.2%, the largest m/m
decline since July 2014 when new orders fell by -18.4%. The drop was not as deep
as the -19.3% expected by markets but still marks one of the worst reports on
record. March durable goods orders were revised down to -16.6% (previously
-14.4%). Excluding transportation, new orders fell -7.4%, better than the
expected -15.0% decrease. April's decline saw pressure from motor vehicles and
parts, which fell by -52.8%. The report did not include data on new orders for
nondefense aircraft and parts due to a negative denominator in that entry, the
Census Bureau's report said. Last month, Boeing's orders were negative, seeing
more cancellations than bookings.