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Holiday Note: US Jobs Day
Most financial centers are closed for the holiday today. Those markets that were open in the Asia Pacific region, like Japan, China, and South Korea, advanced. US equity futures are also higher after the S&P 500 reached set a new record, and the NASDAQ gapped higher. The cash market is closed today, but the bond market will have a shortened session. On the week, the 10-year benchmark yields in the US and Europe are a little softer but jumped 15 bp and 13 bp in Australia and New Zealand, respectively. The US dollar continues its slightly weaker bias that has emerged over the past few days. For the week, it is ... (full story)
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