US Q1 GDP estimates disappoint

29 April 2016

 

The US Commerce Department released Q1 “advanced” estimates of US GDP, which is the first of four estimates and subject to three more revisions over the next two months. They showed an annualised growth rate of 0.5%, lower than the consensus estimate of 0.7% and lower than the Q4 2016 figure of 1.4%. The yields of US 2 year Treasury notes reacted by moving down 2bps to 0.79% while US...

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