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USD, Yields Firm Slightly Post-Payrolls

DATA REACT
  • Greenback sees some short-lived strength upon release, with EUR/USD fading briefly through the 1.1760 level before the rate stabilises just a few pips below pre-data levels. Market clearly taking the lead off the better-than-expected job gains, but the positive revisions to the previous also adding a tailwind here.
  • Treasuries oscillate in both directions, but look to be settling lower - US 10y around 4 ticks below pre-data levels, but 10y yield still well below 1.70%.

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