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Post-Data React

US TSY FUTURES
  • Treasury futures extend lows after higher than expected GDP price index of 4.0% vs. 3.7% est, Core PCE QoQA 4.9% vs. 4.7% est.
  • Jun 10Y futures fall to 115-02.5 low, near 20-day EMA support of 115-00.5, and have since bounced back to 115-06 (-11.5).
  • Curves bear flattening, 2s10s -2.481 at -52.929.

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