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Post-Claims, GDP React

US TSY FUTURES
  • Treasury futures extend lows after data show economy grew faster than anticipated: GDP Annualized QoQ 2.0% vs. 1.4% est, 1.3% prior. Weekly claims recede (239k vs. 265k est, 264k prior) after showing stronger than expected gains the last few weeks.
  • Front month 10Y futures mark 112-16 low (-24) -- nearing technical support of 112-12+ Low Jun 14 and the bear trigger. 10Y yield climbs to 3.8011% high, curves bear flattening: 21s10s marks -104.553 inverted low.

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