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Strategist: GDP data signals mixed, leading to fluctuations in the bond market.
Jin10 data reports on April 30, the market strategist from Chicago's DRW company said, "When you see final sales down 2.5%, which does not include inventory data in GDP, you must know that this is a very weak number. This is the weakest since the COVID period, and before COVID, you have to go back to 2009 to find a quarter with weaker actual final sales. So I think this might be the initial reason for the rise in bonds, but reconsidering, they might focus on inflation indicators, the GDP deflator, and the core personal consumption expenditures index, both of which are significantly above expectations. Therefore, this report has had a slight push on the bond market."