Poor global economic data has.......>

US TSYS SUMMARY: Poor global economic data has given fresh impetus for

Treasuries to move even higher early Friday.

- Jun 19 T-Note futures up 11.5/32 at 123-23, having traded as high as 123-24.

- Our technical team notes Bulls focus on a topside break of the 124 level & Dec

29 2017 high at 124-02+, above here opens the 50% retracement level at 125-26+.

- Curve bull flattening anew. 2-Yr yield down 3bps at 2.3789%, 5-Yr down 4.6bps

at 2.2957%, 10-Yr down 4.6bps at 2.4905%, 30-Yr down 4.2bps at 2.9243%.

- German and Japan PMI woes lending boost to global bonds.

- Plenty of Trump talk: told Fox Business that `hopefully now we won`t do the

tightening` (in reference to Fed). 

- Trump also tweeted that growth 'for the year' was highest in 14 years at 3.1%;

unclear whether he is referring to yet-unreleased Q4 data out on Mar 28 which

would put 2018 GDP at highest since 2005. No market reaction though.

- U.S. gets Markit Manufacturing and Service Index for March; February existing

home sales; BLS state payrolls; wholesale inventories and sales.

- Atlanta Fed`s Bostic appears in San Francisco after the close (2130ET).