Asia Unhedged | Expect above consensus gain in US payrolls this morning
Source: Bloomberg
Source: Bloomberg
Asia UnhedgedReal-time intel on what moves markets

Expect above consensus gain in US payrolls this morning

And don't expect bond yields to jump on the news.

March 10, 2017 8:32 PM (UTC+8)

Asia Unhedged expects an above consensus gain in US payrolls this morning. As we noted yesterday, the ADP and Bureau of Labor Statistics estimates have converged in recent months. ADP printed at 297,000, half again above consensus, and we expect BLS to do the same. Don’t expect bond yields to jump on the news: Yesterday’s spike anticipated an upside surprise on payrolls.

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