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Surveillance: US Payrolls Surprise

Bloomberg Surveillance

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Are We Underestimating Jeff Tronch 1?

Jeff Rosenberg: Why would you buy 10-year treasuries where they are if you believe this Fed could be that far behind the curve maybe later in the year before it's apparent? He says confusion is at a tremendous distortion in the economy from COVID, both the COVID impact and the COVID stimulus. And so we're seeing the backside of that and really what you take out of today's report is really the strength and services.

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