US Treasuries modestly higher on eve of key payrolls report |
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Markets: Fixed Income On Wednesday, the performance of European bonds and US Treasuries once again diverged, as the record high PPI and a disappointing German Bund auction added to the bearish sentiment on the European bond market ahead of today’s ECB meeting. In the US, the weaker than expected ADP employment report on the other hand sparked a repositioning rally ahead of today’s Payrolls report. A very weak closing of the US equities, with the Dow now in bear territory, however failed to
Filed under: Fundamental
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