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[MARKET ANALYSIS] Fixed income benchmarks are slightly softer, amid the upbeat tone in Asia

Newsquawk Staff ·

  • UST Futures are lower by a couple of ticks and return below the 107-04 price point seen before the strong jobs report. To recap, the headline figure beat estimates (165K vs Exp. 65K), while the unemployment rate ticked lower to 4.1%. Market pricing sees a 79% chance of a hike in December.
  • Bund Futures follow their US counterpart lower and briefly slipped below the 123.00 handle. ECB President Lagarde gave comments to Japanese press, in which she said inflation would remain elevated in the coming quarters.
  • JGB Futures continue to fall from the 128.39 peak seen in Friday’s session, currently residing at the lower end of its 127.51-127.82 range.

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