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Post-PPI, Weekly Claims React

US TSY FUTURES

Knee-jerk bid after weekly claims declined 12k to 237k vs . 250k est, PPI +0.1% vs. -0.1% est, saw 10s extend highs to 112-25 (+16.5) but just as quickly reverse to 112-16 (+7.5). Curves holding steeper 2s10s +4.828 at -84.267.

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