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Post Weekly Jobless Data React

US TSY FUTURES
  • Treasury futures remain bid but paring support (Jun'24 10Y trades 110-22, +8) following slightly lower than estimated weekly jobless claims data: 210k vs. 213k est (prior up-revised to 212k from 209k, however), Continuing Claims: 1.807M vs. 1.820M est (prior dow-revised to 1.803M from 1.211M).
  • Separately, lower than expected Current Account Balance (-$194.8B vs. -$209.0B est), Philadelphia Fed Business Outlook better than expected at 3.2 vs.-2.5 est.
  • Next up S&P Global US PMIs at 0945ET

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