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Post-Data Reversal

US TSYS

Bonds selling off post-data back in pre-open range (30YY at 3.0755% +.0303) though curves remain flatter, near lows (2s10s -2.133 at 26.220).

  • May reading of the ISM Manufacturing Index is 56.1 vs. 54.5 exp, Prices Paid component is 82.2 vs. 80.5; April reading of Construction Spending is +0.2 vs. +0.5% exp.

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