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### POV, Heading into Friday's Sep NFP,.....>

US DATA: ### POV, Heading into Friday's Sep NFP, Market News survey estimates a
gain of 70k jobs vs. +156k in August compared to Bloomberg median estimate of
+80k. AN over zealous whisper number is +160K. The multiple hurricanes are
widely to blame for the lower number, with some desks already calling Friday's
number unreliable and look to fade. With the storms already discounted, desks
really don't see much of a chance for further gains in Tsy yield with a slow
grind lower on Friday even if the number comes out better than expected. If Tsy
prices do surge higher, it will likely "be lead by the belly," one desk adds,
with the "5s30s curve steepening." It will only take a read "below 50k to get
any real buying," the desk added.

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