jobs report

As the Fed has made the message very clear that tapering is going to happen within the year, the payroll data this Friday will become a crucial gauge. Any weaker-than-expected reading may not trigger much sell-off in the dollar. Instead, if the reading is beyond the expectations, we may see...

Last week’s price action was all about the US payrolls report, which turned out to be a massive miss. The S&P 500 fell, but later climbed back to almost unchanged on thin pre-holiday volume, while 10-year Treasury yields ended the week barely higher than where they started. If bonds know best...