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Friday, 05/03/2024 9:16:36 AM

Friday, May 03, 2024 9:16:36 AM

Post# of 365309
Treasuries and Wall Street futures are surging on the tame, goldilocks U.S. jobs report, and it's putting an extra bid into European markets as well. The DXY is suffering, however, and is lower against all of its G10 peers. Short dated Treasuries paced the move with the 2-year falling -16 bps to 4.707%, but has bounced back to 4.77%. It closed at 5.03% on Tuesday after the hot ECI and ahead of the FOMC decision. The wi 3-year richened -15 bps to 4.54%, but is back at 4.615%. The wi 10-year slid to 4.435%, down -14 bps, but is at 4.480. And, the wi 30-year is at 4.650 down 7.7 bps, versus the session low of 4.625%. Wall Street futures spiked as the data show the economy cooling but not crashing. The NASDAQ is up 1.5%, while the S&P 500 and Dow are 1.1% and 1.27% firmer, respectively. Stocks were already rallying after Apple's results last night. The DXY, meanwhile, has extended its post-FOMC losses, with JPY intervention adding to its weakening. The buck fell to 104.522 and is down from the 106.221 close Tuesday. USD-JPY has plunged to 151.86 from 157.80 Tuesday.

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