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Post-GDP, PCE React

US TSY FUTURES
  • Tsy futures briefly pared gains to marking new session highs (TYM4 110-11 +9.5; initial trechnical resistance at 110-28+ (20-day EMA)) following near in-line GDP Annualized QoQ (3.2% vs 3.3% est), GDP Price Index (1.6% vs 1.5% est).
  • Personal Consumption little higher than expected (3.0% vs 2.7% est), Core PCE Price Index QoQ (2.1% vs 2.0% est).
  • Elsewhere, Advance Goods Trade Balance (-$90.2B vs. -$88.5B est), Retail Inventories MoM (0.5% vs 0.4% est), Wholesale Inventories MoM (-0.1% vs. 0.2% est).

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