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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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  • 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.