January 31, 2025 13:40 GMT
US TSYS: Post-PCE Spending, Fed Gov Bowman Comments React
US TSYS
- Treasuries remain weaker, move off the top end of the range after higher than expected personal spending and up-revision to prior, modest core PCE rise in-line with expectations.
- Fed Gov Bowman comment still sees upside inflation risk - wants to see progress before adjusting rates. No Q&A expected as she gives brief remarks to community banks in New England. Note, Chicago Fed Goolsbee scheduled to appear on CNBC a little after 1000ET.
- The Mar'25 10Y contract trades -5.5 at 109-02 after rising to 109-06.5 ahead of the data, still well above initial technical support at 108-23 (20-day EMA). Curves bear steepen: 2s10s +1.183 at 31.880.
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