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Morning Notes — Catalysts Ahead

Catalysts Ahead

June 29, 2021

Consensus for Friday’s release of June Non-farm payrolls ticks higher to +700,000 from +685,000 yesterday.  A stronger-than-consensus print could have an impact on the timing of Fed tapering, bond yields and the shape of the curve.  A stronger payroll add would likely steepen the yield curve by pulling taper expectations forward and easing concerns about bottleneck pressures in labor markets.  

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