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'Volatile' US Payrolls Will Impact Bonds: Strategist

Fri 02 Sep 11 | 01:50 AM ET
"(Payroll data) is important as in (bond) market moving, it's such a volatile number and indeed prone to significant backward revisions that it is certainly one of the more market sensitive numbers of the month and it's well away from consensus in either direction the (bond) markets will certainly react," John Wraith, Fixed Income Strategist at Bank of America Merrill Lynch Global Research told CNBC Friday.

Topics:

Bonds  | United States  | Unemployment
 
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