T-Notes open around closing levels after....>

US TSYS: T-Notes open around closing levels after a fairly limited session

Thursday, with participants focused on Friday's Q1 advance GDP print.

- The contract eased a touch on Thursday, going out just off worst levels, with

yields a touch higher across the curve. Durable goods data topped exp., while

capital goods data was a little more mixed and initial claims revealed higher

numbers than exp. The final Atlanta Fed GDP Now estimate for Q1 stands at 2.7%,

revised slightly lower from 2.8% in the wake of Thursday's data, but still

represents a more than healthy uptick from the near enough flat readings given

in mid-March.

- 7-Year supply saw a 0.5bp tail as dealer participation edged higher and the

cover ratio ticked lower, at the margin.

- T-Notes last 123.13+, U.S. 10-Year cash Tsy yields closed at 2.532%