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MNI ASIA MARKETS ANALYSIS: Tsy Yld Recedes As Jobs Data Cools

HIGHLIGHTS
  • Treasuries pared early losses following lower than expected ADP jobs gain and prior JOLTS down-revision
  • Markets also reacted positively to Fed Chairman Powell's policy testimony, deemed less hawkish than expected
  • Gold surged to new record high of $2152.25, West Texas Crude rallied over 80.60 amid ongoing geopol tensions.


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HIGHLIGHTS
  • Treasuries pared early losses following lower than expected ADP jobs gain and prior JOLTS down-revision
  • Markets also reacted positively to Fed Chairman Powell's policy testimony, deemed less hawkish than expected
  • Gold surged to new record high of $2152.25, West Texas Crude rallied over 80.60 amid ongoing geopol tensions.


Keep reading...Show less