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JGB TECHS

(U1) Tilted Higher

AUSSIE 10-YEAR TECHS

(U1) Uptrend Weakening

US TSYS SUMMARY

Bullard Kickstarts Reflation Unwind Theme

AUDUSD TECHS

Fresh 2021 Lows

US DATA
US DATA: Q1 GDP Rev Dn To As-Expected +3.1%;Core Prices Rev Dn To +1.0%
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- Q1 GDP rev to +3.1% vs +3.0% Bloomberg and +3.1% MNI; +2.2% Q4.
- Core PCE prices +1.0% vs +1.3% in adv est; Y/Y +1.6% Q1 vs +1.7% adv.
- Downward revision due to net exports, inventories, fixed investment.
- PCE, govt spending growth both revised up slightly
- Q1 headline GDP price index rev down to +0.8% vs expected unrev +0.9%
- Real final sales of domestic product unrevised at +2.5%
- Real final sales to domestic purchasers +1.5% vs +1.4% adv.