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After last week's inaugural.........>

US DATA PREVIEW
US DATA PREVIEW: After last week's inaugural semi-annual monetary policy
testimony for Federal Reserve chairman Jerome Powell, MUFG analyst Christopher
Rupkey said the initially hawkish testimony "got markets thinking the Fed would
raise the forecast to four rate hikes in 2018, but bond yields only made it as
high as 2.92% on the news." The upcoming February employment data "along with
the 2.9% average hourly earnings 'wages' from last month is make or break for
the upward trend in yields. Need more hot data to keep the inflation scare
alive," MUFG added.

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