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Govie gains, while USD turned offered post US ADP

CROSS ASSET
  • So a quick move higher in Govies and Gold, as USD turns offered, following the ADP miss, plus lower revision.
  • This has helped the 10yr yield to push below 1.15%.
  • Move will likely to be limited, with attention quickly turning to the NFP Friday.

Next stop in Yield terms:

  • 1.00% would equate to 136.160
  • 1.10% would equate to 135.205

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