US10 yr TY -3.3 bp to 1.139% after July ADP report showed just 330K jobs added in July, half the 690K market was expecting.
The US govt’s July non-farm payrolls come out Friday +900k exp, which will come down after today’s ADP report.
Inflation looking transitory, not saying RBNZ won't increase ocr but doesn't make sense too.
Pressure from banks/ financial media putting Orr under the pump.
OCR DTI LVRS going to hammer any further growth wage or capital in a hermit economy, negative OCR 2023
The US govt’s July non-farm payrolls come out Friday +900k exp, which will come down after today’s ADP report.
Inflation looking transitory, not saying RBNZ won't increase ocr but doesn't make sense too.
Pressure from banks/ financial media putting Orr under the pump.
OCR DTI LVRS going to hammer any further growth wage or capital in a hermit economy, negative OCR 2023
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