Reported 3 days ago
According to Michael Hartnett from Bank of America, risk assets might experience a rally if the upcoming US jobs report falls within the anticipated range of 125,000 to 175,000 job additions. This outcome would indicate a soft economic landing and stabilize bond yields, potentially igniting risk-on trading. Hartnett also noted that a stronger report over 225,000 jobs could push Treasury yields above 4.5%, while a disappointing figure below 75,000 could signal a recession.
Source: YAHOO