- The economy grew at a 4% pace in Q2 says the government in its first estimate of that quarter's activity, well past expectations for 3% growth. Still revising Q1's numbers, that quarter's decline of 2.9% was adjusted to a fall of just 2.1%.
- On the inflation front, the PCE index - the Fed's preferred price gauge - rose a speedy 2.3% in Q2 vs. 1.4% in Q1. It's the fastest pace since 2011 Q2. Core PCE rose 2%, up from 1.2% in Q1.
- The 10-year Treasury yield shoots up five basis points to 2.51%. TLT -0.5%, TBT +1% premarket
- ETFs: TBT, TLT, TMV, IEF, TBF, PST, EDV, TMF, TTT, ZROZ, SBND, TLH, IEI, DTYS, TYO, DLBS, VGLT, UBT, UST, VGIT, TLO, TBX, GSY, TENZ, SCHR, DTYL, ITE, LBND, TYD, TYBS, TBZ, DLBL, FIVZ, DFVL, DFVS, TYNS