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US TSYS: No Real Reaction To Data

US TSYS

Little net impact from the combination of mixed weekly jobless claims (which saw mixed revisions), softer than expected durable goods data (also subjected to mixed revisions) and a 0.1ppt mark lower in the second reading of Q3 core PCE.

  • TY initially edged higher, to fresh session highs at 110-24+ before fading back to 110-21.
  • Yields 3.5-6.0bp lower on the day, 0-5-1.0bp higher than levels seen ahead of the data.
  • The data did not provide enough conviction to drive a move ahead of the Thanksgiving holiday, with focus now moving to the MNI Chicago PMI and monthly PCE data suite.
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Little net impact from the combination of mixed weekly jobless claims (which saw mixed revisions), softer than expected durable goods data (also subjected to mixed revisions) and a 0.1ppt mark lower in the second reading of Q3 core PCE.

  • TY initially edged higher, to fresh session highs at 110-24+ before fading back to 110-21.
  • Yields 3.5-6.0bp lower on the day, 0-5-1.0bp higher than levels seen ahead of the data.
  • The data did not provide enough conviction to drive a move ahead of the Thanksgiving holiday, with focus now moving to the MNI Chicago PMI and monthly PCE data suite.