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Post-PCE React

US TSY FUTURES
Tsys holding lower range after slight gain in June reading of Personal Income is +0.6% MoM vs. +0.5 est, PCE Deflator is +1.0% MoM vs. +0.9% est, and ECI +1.3% vs. +1.2% est.
  • Two-way trade on moderate volumes (TYU2>525k), yield curves reverse steepening, trade flatter post data 2s10s -2.158 at -21.390.
  • MNI Chicago PMI (55.0 est vs. 56.0 prior) up at 0945ET, U-Mich sentiment (51.1 est) at 1000ET

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