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Goldman trims Q2 growth estimate; 10-year yield at new low

Published 06/26/2017, 12:27 PM
© Reuters.  Goldman trims Q2 growth estimate; 10-year yield at new low
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  • Core durable goods orders for May rose just 0.1% vs. 0.5% expected, and April's print was revised lower.
  • It suggests a slower pace of business investment growth, says Goldman economist Spencer Hill. The bank cuts its Q2 GDP growth forecast to 2.3% from 2.5%.
  • The Atlanta Fed's GDPNow guess, meanwhile, remains unchanged at 2.9%. One month ago, that tracker was expecting growth to be north of 4%.
  • Checking rates on the long end, the 10-year Treasury yield is carving out a new post-election low, down three basis points to 2.12%. TLT +0.5%, TBT -1%
  • Now read: Revisiting Inflation's Peak And Why I Am Still Long TLT


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