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Post-CPI Data Rally

US TSYS
Rates extend early session highs after March CPI, MoM 1.2% in-line w/est., 8.5% YoY edges past 8.4% est. Core YoY 6.5% slightly weaker than est, used car prices cited.
  • Tsys futures now paring gains, relief rally in SPX eminis holding, ESM2 +31.0 at 4440.0 as inflation metrics not worse than feared.
  • Yield curves snap higher, 5s30s just off inversion at .340 (+1.651).

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