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Strong Jan Employ, Shrugs Off Covid Effect

US
Tsy futures coming under heavy pressure, yield curves bear flattening after Jan employ report showed +467k job gains, Dec up-revised to +510k from +199k.
  • Short end: lead quarterly Eurodollar futures EDH2 gaps lower: 99.43 (--0.050) markets back to pricing in over 25bps hike in March after this morning's strong number.

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