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Off Post-Data Lows

US TSY FUTURES

Tsy futures remain weaker but off lows amid decent two-way flow post data, yield curves marching steeper: 2s10s +3.068 at -74.114, as short end outperforms.:

  • GDP weaker than expected (+2.7% vs +2.9% est, +2.9% prior);
  • GDP Price Index much stronger (+3.9% vs +3.5% est, +3.5% prior);
  • Personal Cons much weaker (+1.4% vs +2.0% est, +2.1% prior);
  • Core PCE QoQ 4Q much stronger (+4.3% vs +3.9%, +3.9%prior) whileboth Initial and Continuing Claims softer than expected.

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