Fundamental Analysis
Posted 8 hours ago
US Employment Surges to 165k, Crushes Forecast; Curve Flattens
October payrolls jumped to 165k, far exceeding the 70k forecast, with an 84k upward revision to prior months. The blowout triggered classic bear flattening: front-end Treasuries added 5 bps while long-dated yields (10–30 yr) rose just 1.1–2.2 bps. USD strength likely, as higher near-term rate expectations outpace long-end repricing.
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