View: US5yr4.4.2.png
US5yr4.4.2.png
Expectations for the payroll number in 30 mins are climbing with even a number of 375k being mentioned by one firm. Despite the large margin of error in this number, if it is significantly + or – consensus we will see a shift across asset classes as investors quickly recalibrate risk and make assumptions about potential trend changes.
One key metric for the equity complex to monitor are US 5 year rates. A break through 2% from the recent consolidation zone would be a sharp warning that asset flows may reverse from equities and a move to 2.5% would be a “get out of Dodge moment.”
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