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Post-Data Chop

US TSY FUTURES
No immediate reaction to weekly claims climbing 2k to 373k -- higher than est of +350k, while continuing claims recedes slightly (-.145M to 3.339M vs. 3.35M exp).
  • Rates were trading higher/bouncing after paring late overnight gains, are back to paring gains again. heavy volumes: TYU1 >850k.
  • Yields back to early Feb levels: 30YY fell to 1.8551% low, 1.8852% last; 10YY 1.2479% low and testing 200DMA. Yield curves flatter, 5s30s below 112.0 compared to 166.98 on Feb 24.

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