In the highly disciplined stock market, it is very difficult to imagine that data on new jobs in the United States can be compromised, even less than the US president himself, Donald Trump. Well ... And it happened today. Minutes before the data on new jobs in the United States, Donald Trump tweeted "I'm looking forward to the report on new jobs." Building on the temperament of the president, and in particular, how he likes to show off with the results, traders have taken action entirely to support the USD and detriment to Gold and short-term US bonds. The spread between yields of 5 and 10-year bonds shrank to about 31 basis points and stays there as investors weigh the better data as support for the Fed's monetary policy tightening plan.
Source: Bloomberg Pro Terminal
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