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Post-Inventories Data React

US TSYS

Treasury futures bounce, marking modestly higher now (TYM3 +.5 at 115-00), muted react to the data (retail inventories +0.8% MoM vs.+0.2% est; wholesale +0.2% MoM vs. -0.1% est) while a drop in equity futures (ESM3 just below 4,000) appears to be in reaction to House Speaker McCarthy saying there is no need for "blanket banking insurance at this time."
Reminder: Federal Reserve Vice Chair Barr is scheduled to testify on bank oversight to the Senate Banking Panel at 1000ET: Livestreamed and Link to testimony

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