January 27, 2023 13:40 GMT
Post-PCE Data React: Tsy, Equities Bounce
US TSYS
Tsys still weaker, but drawing modest buying in intermediates to long end after largely in-line data: personal income +0.2%; NOM PCE -0.2%, modest lower revision to prior. Equities bouncing as well, S&P eminis ESH3 -10.0 at 4065.
Likely inside range session as markets square up ahead weekend, set sights on next Wed's FOMC. Yield curves holding steeper:
- 3M10Y +4.011, -114.629 (L: -121.836 / H: -111.852)
- 2Y10Y +2.185, -67.201 (L: -68.855 / H: -65.927)
- 2Y30Y +0.171, -54.322 (L: -55.398 / H: -52.917)
- 5Y30Y -1.381, 2.868 (L: 2.453 / H: 5.083)
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