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This Friday's Q1 GDP headlining.....>

US DATA PREVIEW
US DATA PREVIEW: This Friday's Q1 GDP headlining an otherwise quiet week ahead
for data. Meanwhile, the Federal Reserve entered their media blackout on
Saturday April 20 and runs through May 2. U.S. Treasury auctions: 13- and 26W
bills on Monday, 52W bills and 2Y notes on Tuesday, 2Y FRN and 5Y notes
Wednesday and rounding out the week with the 7Y note auction on Thursday.
- On tap for Monday: Existing home sales for March.
- Morgan Stanley economists "expect a modest reversal in existing home sales in
March following an 11.8% surge in the prior month. Our forecast sees home sales
falling 2.3% to a 5.384 million unit pace, which would still be nearly 10% above
the level in January."
- Scotiabank economists posit Existing home sales are "likely to take back some
of the almost 12% rise" Monday while Tuesday's new home sales may gain "after a
5% rise in February".

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