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Post-GDP/Claims Data React

US TSYS
  • Fast two-way post data: Treasury futures trading back lower (TYM3 113-04 -9.5) after weekly claims comes out less than expected (229k 245k est; claims 1.8M est), GDP higher than expected (+1.3% vs. 1.1% est).
  • Curves extend inversion bend steeper: 2s10s falls to -68.018 low

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