Bank of America: If non-farm data meets expectations, risk assets may rebound

BlockBeats news, on October 4th, Bank of America strategist Michael Hartnett said that if the U.S. non-farm payroll report released on Friday is within expectations, risk assets may Rebound. The strategist said that if the data shows the addition of 125,000 to 175,000 new jobs in the U.S. last month, this will support the argument for a soft landing of the economy and keep bond yields in a range, triggering risky trades. Hartnett said that long positions are 'under control' and there are 'obvious signs' that China's stimulus measures are 'working' and the Fed will further ease policies. The strategist added that if non-farm employment exceeds 225,000, and the unemployment rate is below 4.1%, this will push the yield on U.S. 30-year Treasury bonds above 4.5%. If it is less than 75,000 and the unemployment rate is above 4.3%, it will mean 'recession'. (FXStreet)