EUR/USD Hits Record High Following GDP and Jobless Claims
USD fell to a record low vs. EUR at 1.5146 after preliminary GDP was unrevised and Jobless Claims surged to 373k. The dollar dropped vs. most major currencies following the data with USD/JPY slipping below 106 and USD/CAD dropping below 0.98.
Treasuries are well bid with the 30yr up 0.7% with a yield of 4.597%. The 10yr yield slipped to 3.765% and the 2yr was trimmed to 1.88%. The short end of the curve is also well bid with the 4week bill yield at 2.04%, the 3-month at 1.867% and the 6-month at 1.93%. European bonds are also higher after the release.
Equity indices extended their losses with Dow futures down 80, S&P futures down 11, and Nasdaq futures down 6.