Private nonfarm payrolls in the US are projected to increase by 135,000 (seasonally adjusted) in tomorrow’s October report from the Labor Department, based on The Capital Spectator’s average point forecast for several econometric estimates. The prediction reflects a modest improvement over the tepid 118,000 gain in September.
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Daily Archives: November 5, 2015
2-Year Treasury Yield Spikes, Close To Six-Year High
A December interest-rate hike is a “live possibility,” Federal Reserve Chair Janet Yellen said in yesterday’s testimony in Congress. The Treasury market took the hint and the 2-year Note—said to be the most sensitive maturity for rate expectations—jumped to 0.84% yesterday (Nov. 3), edging up to the highest level in nearly six years, based on daily data from Treasury.gov. Since last month’s low on Oct. 14, the 2-year yield has climbed sharply, rising 27 basis points.
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Initial Guidance | 5 November 2015
● US job growth ticks lower in Oct, ADP says | CNBC
● ISM: US services sector growth accelerates in Oct | USA Today
● PMI: US services sector growth moderates in Oct | Markit
● Global growth rebounds in Oct via Composite PMI data | Markit
● Eurozone retail sales fall in Sep: first drop in 6 months | Reuters
● German factory orders slide for 3rd straight month in Sep | Bloomberg