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Post-Data, Rates Still Bid After Jobs Beat Expectations

US TSYS
US Tsy futures holding early gains, gaining now after initial two-way trade, breaking narrow upside range -- still well off early overnight highs. Feb job gains +678k vs. +415k est, AHE declines MoM from 0.61% to 0.03.
  • Overall data appears "mildly less inflationary, at least from the supply side" one desk commented. Stocks scaled back losses briefly but holding near middle overnight range as well (ESH2 at 4325.5 -33.50).
  • Decent data but markets remain on edge due to Russia war in Ukraine enters day nine.

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