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Tsys Gain Post Data, Now Retrace

US TSYS

Bonds lead move higher after Philly Fed came out weaker than exp, 31.5 vs. 41.5 exp. (May prices paid 76.8 vs. 69.1 in April, however), weekly claims little lower than exp at 444k vs. 450k exp. Levels retrace shortly after -- back around opening levels. Decent volumes so far, TYM1 >420k. Yield curves running mixed:

  • 3M10Y -1.366, 164.47 (L: 163.534 / H: 166.09)
  • 2Y10Y -0.565, 150.418 (L: 149.533 / H: 151.868)
  • 2Y30Y -0.075, 220.719 (L: 220.209 / H: 222.106)
  • 5Y30Y +1.065, 151.986 (L: 151.31 / H: 152.893)

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