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Paring Initial Risk-On React to Atlanta Fed Bostic

US TSYS
Paring Initial risk-on react to Atl Fed Bostic comments on phone press conference with reporters.
  • Little more balanced with: “There is a case that could be made that we need to go higher" while "inflation is remaining stubborn at elevated levels, labor markets remain quite tight. The economy’s strength could be a bit more than people think, which means we might need to do more.”
  • USM3 at 123-02 (-1-02), 30YY 4.0143 +.0601; SPX eminis +3.0 at 3959.5 vs. 3965.5 high.

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