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Post-Weekly Claims, Philly-Fed React

US TSYS
  • Treasury futures extend lows (10Y taps 114-06.5 -12, yield 3.6153% high) after weekly claims come lower than expected (242k vs. 253k est 264k prior; continuing claims 1.799M vs. 1.819M est); Philly Fed Business Outlook higher than expected (-10.4 vs. -20.0 est, -31.3 prior).
  • Curves scaling back earlier steepening, 2s10s +.453 at -59.174.

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