Free Trial

And BMO's Lyngen also added that "on the....>

US VIEW
US VIEW: And BMO's Lyngen also added that "on the other hand," the Treasuries
"market seemed more eager to make another attempt at pricing in some degree of
wage inflation, as September's Average Hourly Earnings figures showed a +2.9%
year-on-year gain for the peak of the cycle."
- He added "there was surely a bit of storm-related wage influence, but the
stronger revisions to August's AHE (up to 2.7% from a 2.5% initial estimate)
offered solace to those looking for evidence of a kink in the Phillips Curve.
We're certainly open to the notion that the long-awaited acceleration of wage
growth has finally arrived, but to say that our skepticism is running high as
the market was more content to dismiss NFP over wages would be an
understatement."

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
}); window.REBELMOUSE_ACTIVE_TASKS_QUEUE.push(function(){ window.dataLayer.push({ 'event' : 'logedout', 'loggedOut' : 'loggedOut' }); });