Payrolls decisive for near-term outlook bonds

Markets: Fixed Income On Thursday, government bonds were moderately lower, as the correction on the equity market got no follow-through and equities stabilized. The short end of the curve however outperformed after several central bankers continued to talk soft despite the recent improvement in the economic data. Indeed, despite the upward revision of the ECB staff projections, the ECB clearly indicated that it’s too early to start withdrawing monetary policy accommodation and kept the