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Post-CPI React

US TSY FUTURES
  • Fast two-way as Tsy futures gap lower then quickly rebound following steady to slightly higher than expected February CPI MoM (0.4% vs. 0.4% est), YoY (3.2% vs. 3.1% est); CPI Ex Food and Energy MoM (0.4% vs. 0.3% est) YoY (3.8% vs. 3.7% est).
  • Jun'24 10Y futures trading steady at 111-19 after falling to 111-05 low, curves bounce off lows: 2s10s -.207 at -44.201 vs. -48.635.
  • Meanwhile, Real Avg Hourly Earning YoY (1.1% vs. prior 1.3% (rev), Weekly Earnings YoY (0.5% vs. prior 0.1% (rev).

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