»» Equities rose and safe-haven bonds fell following solid economic data across regions—U.S. employment report aside.
»» Weak job gains are unlikely to derail the Fed’s tapering plans.
»» For 10-year Treasuries, 3% is set to become the new 2%. That has far reaching implications across regions. Investors should position portfolios accordingly. (page 3)
»» Global Roundup: Overview of Canada’s strong employment report. Is the market ahead of itself regarding the BOE’s easing bias? Interesting comments by Chinese officials about local government debt. (pages 3-4)
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