The market’s reaction to a disappointing US nonfarmpayrolls has been a drop in the US 10year yield to 2.85%; the US 2‐year to0.37% and 0.6% weakening in the USD (see DXY middle chart). Thisweek’s US focus will be Fed speakers, retail sales and CPI; however thefocus is shifting from the US to global developments.
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Scotiabank