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US payrolls surprised but remain volatile, the UK faces weak demand and steady rates, and Japan’s upbeat business sentiment highlights resilience amid global uncertainty.
The UST yield curve has been inverted, but there is speculation about when it will “un” invert and move out of negative territory. The potential for Fed rate cuts could impact the timing of the yield curve moving out of negative territory, with the UST 2-Year/10-Year spread potentially being the first to do so.