• Ahead of the long awaited US labor market report, US Treasury yields remain comfortably at the lower end of their recent trading ranges. Equities continue to loiter around multi-year or all-time highs. And despite expectations of US growth outperformance, the dollar remains considerably weaker.
• At pixel time the US 10y was trading at 1.57, which is a cool 20bps below its post-outbreak high.

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