The string of positive US data surprises continued overnight with a big drop in Jobless claims and a decent upward revision to Q1 GDP. US Treasuries led a jump in core global bond yields with the 10y Note climbing 14bps to 3.84%, underlying strength in German inflation supported the move up in core global bond yields too with the data flow vindicating the notion that both the Fed and ECB still have more work to do. US equities closed in the green, unperturbed by the move up in yields. Positive US data surprises help the USD reverse earlier losses, AUD outperforms and starts the new day at 0.6619. US initial jobless ... (full story)