EUR/USD has fallen back toward 1.4100 as the US GDP report cast a shadow over the green-shoots that sprouted this spring,. The shoots have to grow from a deeper hole than expected after the US economy contracted a deeper than expected 6.4%.
US equities have turned negative, down 2.3 points after being up better than 5 pts headed into the data. US yields are 5 bp lower in 10s, now at 3.58%.
Look for markets to thin out rapidly as the weekend approaches and for markets to be choppier than usual as month-end flows impact thin marklets.
