Treasury prices pop and yields slip after Q1 GDP growth is revised to a gain of just 0.1%. The original estimate had been expansion of well over 2%.
The ADP jobs gain of 220K was ahead of estimates for 210K, and also included upward revisions for March and April totaling 72K jobs, though January was revised lower by 54K, and December lower by 47K. There's additional revisions further back, but what's the point?
The 10-year Treasury yield - higher earlier - is now off by one basis point at 2.69%. TLT +0.1%
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