Non-farm payrolls in the spotlight but there are other things brewing in markets ...Middle East

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Non-farm payrolls in the spotlight but there are other things brewing in markets
It is NFP Friday in markets and that tends to steal the focus more often than not. While the spotlight is shining on the jobs data, it may well take a backseat in the aftermath before the weekend comes along. That is because the enigma in markets this week is the strong bid in Treasuries.It is difficult to find an exact reason for that at this point. One can argue about a technical break below the 200-day moving average (green line) after a top at around 4.19% in yields. Adding to that is a break back under the 4% mark as well this week.Or perhaps banking worries are creeping in once again, as Adam highlighted here yesterday.Either way, it is best to take notice of that just in case as somet

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