US DATA: Core PCE Unrounded Plus Revisions - April
May-30 12:38
Core PCE M/M inflation was completely in line with expectations in April. The 0.06pp March upward revision was similar to what some analysts had specified, with downward revisions in Jan and Feb less of a surprise and yesterday's softer Q1 print.
- M/M (SA): 0.116% in Apr (vs BBG cons 0.1 median, MNI unrounded 0.12 av)
- Follows 0.091% in Mar (initial 0.028%), 0.465% in Feb (initial 0.498%) and 0.326% in Jan (initial 0.337%).
- Y/Y (SA): 2.523% in Apr (cons 2.6) from 2.665% in Mar
Want to read more?
Find more articles and bullets on these widgets:
Historical bullets
BUNDS: Pushing lower post US Data
Apr-30 12:37
- Bund drops 13 ticks on the PCE and GDP price index beat, as well as Personal Consumption, but Volumes have been on the more subdued side, and downside move lacks pure traction, after the US Annualised QoQ GDP fell to -0.3% vs a -0.2% consensus.
- In US Tnotes (TYM5) over 12k was sold.
US TSY FUTURES: Post-GDP, Personal Consumption, Core PCE, ECI React
Apr-30 12:35
- Treasury futures reverse course - extending lows after higher than expected GDP Price index, Personal Consumption and Core PCE data.
- Jun'25 10Y currently -4.5 at 112-00.5 low (10Y yld bounces to 4.1850% high), after testing major resistance post ADP, focus turns to support - albeit well below at 111-07.5 (20-day EMA)
- Cross asset: BBG US$ index bounces to 1222.77 (+0.58); stocks, however, remain weaker: S&P eminis -45.75 at 5537.0.
CANADA Q1 FLASH ANNUALIZED GDP +1.5% lags BOC +1.8%; +0.4% QOQ
Apr-30 12:30
- CANADA Q1 FLASH ANNUALIZED GDP +1.5% LAGS BOC +1.8%; +0.4% QOQ
- CANADA FEB GDP -0.2% SLIGHTLY BELOW EXPECTED ON OIL, +1.6% YOY
