Treasury prices edged higher overnight as investors await more clarity around the various geopolitical events currently unfolding. Overseas data was light but the US economic calendar delivered a couple of stronger than expected reports to start the morning. The Philly Fed Survey posted a much stronger level of 17.0 vs forecasts of 10.0 with a surge in new orders being partially offset by disappointing shipments. Meanwhile, the Weekly Jobless Claims Report showed an unexpected dip in New Claims to 213k from last month’s level of 216k and versus forecasts of 221k. Treasury prices have moved slightly lower in response to the data thus far and are hovering around unchanged. Currently, the 10yr yield is at 2.725% (2.733% Wednesday) and the 2-10 spread is 17 bps, 1 bps flatter since yesterday morning.