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MNI ASIA MARKETS ANALYSIS: Focus Turns To Friday's NFP

HIGHLIGHTS
  • Treasuries ratcheted higher after a deluge of decently dovish data Wednesday, mainly a large ISM Services miss as new orders plunged.
  • Rates maintained support into the early close ahead of the 4th of July Holiday, no react to the June FOMC minutes despite "several" voters eyeing a potential rate hike if inflation persists.
  • US markets closed Thursday for the US Independence Day holiday, focus on Friday's June employment data.

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HIGHLIGHTS
  • Treasuries ratcheted higher after a deluge of decently dovish data Wednesday, mainly a large ISM Services miss as new orders plunged.
  • Rates maintained support into the early close ahead of the 4th of July Holiday, no react to the June FOMC minutes despite "several" voters eyeing a potential rate hike if inflation persists.
  • US markets closed Thursday for the US Independence Day holiday, focus on Friday's June employment data.

Keep reading...Show less