- U.S. stock index futures initially added to gains following the government's first estimate of Q3 GDP growth coming in at 2.9% vs. 2.5% expected and the Atlanta Fed's GDPNow's final read of 2.1%. At current writing though, the S&P 500 is up just 0.1%.
- Alongside the fast GDP read, the price index rose a full 1.5% vs. expectations for just a 1.3% increase.
- Bond prices have edged a hair lower since the numbers, with the 10-year Treasury yield up 1.6 basis points to 1.87%. TLT -0.5%, TBT +1%
- To put 2.9% in perspective, it towers over the prints from Q1 and Q2 of this year, and is the strongest quarterly gain since the middle of 2014.
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GDP strongest in two years; stocks hold small gains, bond prices dip
Published 10/28/2016, 08:44 AM
Updated 10/28/2016, 08:44 AM
GDP strongest in two years; stocks hold small gains, bond prices dip
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