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Post-ISM React: Tsys Extend Lows

US TSYS
  • Us Treasury futures extend early session lows after April ISM data, Prices Paid climbs to 53.2, well over expected 49.0.
  • Treasury 10Y yield climbs to new session high of 3.5128%, 2Y yield 4.1448% high; 2s10s curve extends inversion: -5.619 at -64.267.
  • Data underscores likely 25bp rate hike from the FOMC on Wednesday

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