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Post-Pending Home Sales React

US TSYS
  • Futures rebound after Pending Home Sales comes out much lower than expected: MoM (-7.1% vs. -1.0% est), YoY (-18.8% vs. -13.0% est). Short end continues to lead curves steeper (2Y10Y +8.117 at -45.090) around steady to mildly higher 10Y (107-20 last +1.5), TYZ3 heavy volumes over 1.1M.
  • Cross asset summary: Greenback off lows (DXY -.371 at 106.295), Gold near steady after Wed's sell-off (at 1875.00), crude scaling back Wed's gains (WTI -1.06 at 92.62) and stocks mildly higher: DJIA is down DJIA is up 64.31 points (0.19%) at 33605.06, S&P E-Mini Future up 8.25 points (0.19%) at 4320.75, Nasdaq up 12 points (0.1%) at 13101.79

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