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Treasuries are trading weaker on....>

US TSYS SUMMARY
US TSYS SUMMARY: Treasuries are trading weaker on nonfarm payrolls Friday.
- The Mar 19 T-Note future is down 14.5/32 at 122-225, having traded in a range
of 122-215 to 123-075.
- Cash curve trading mixed: 2-Yr yield is up 4.6bps at 2.4247%, 5-Yr is up
6.4bps at 2.4223%, 10-Yr is up 5.1bps at 2.604%, and 30-Yr up 3bps at 2.9322%.
- MOFCOM confirming that China & the U.S. will hold vice-min level talks re:
trade on Jan 7-8 & news that the Japanese MoF, BoJ & FSA are set to convene re:
financial markets helped kick off a risk-on rally overnight.
- Coming up of course are US nonfarm payrolls at 0830ET and Fed Chair Powell's
panel appearance at 1015ET.
- NFPs forecast to rise by 180k in December after weaker-than-expected 155k rise
in November. The unemployment rate is expected to stay at 3.7% in the previous
three months, with annual revisions to the household survey possibly altering
the recent picture. Hourly earnings are forecast to rise by 0.3%.
- NFP whisper is 188k.

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