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Post-JOLTS Bid Extends With Front End Back At Pre Q1 GDP/PCE Beat Levels

US TSYS
  • Tsys have seen another leg richer long after the impact from softer JOLTS data, moving in lockstep with equities sliding as energy firms are under pressure from oil sliding and smaller regional banks also suffering rather than any other further drivers.
  • The front end now overtakes the belly, with 2YY -19.5bps on the day at 3.947%, back at pre-GDP Price/Core PCE Q1 upside surprise levels.

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