39 days ago • Posted by Ajmir Omid
Stock higher ahead of US jobs data
Treasury yields are lower for the second session after a three-day run-up sparked by last Friday's stronger-than-expected January jobs report and a drop in the unemployment rate to its lowest since 1969 at 3.4%. Today's data is critical for what lies ahead. A stronger initial jobless claims number is likely to lift expectations for the fed funds (above 5%), and as such put pressure on risk assets.