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[MARKET ANALYSIS] Fixed income benchmarks pare some of Thursday's gains; US NFP ahead

Newsquawk Staff ·

  • USTs peaked at 107-16 in Thursday's session but have come off slightly in the light volume Asia-Pac session, currently at the lower end of its 107-06 to 107-15 range. Focus will be on the US Jobs Report, with non-farm payrolls expected to rise to 65K for October, from the prior ​29K, while the unemployment rate is expected to hold steady at 4.2%.
  • Bunds follow their US counterparts lower, as they near the 123.00 mark. EGBs had been helped by the recent selloff across the energy complex, but with crude rebounding on Thursday and Brent hovering around USD 100/bbl, further upside may be limited.
  • JGBs gapped higher and printed a high just shy of the 128.00 handle, as they play catch-up to the bid across fixed income in Thursday's session.

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