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US Market Open: Yields muted, NQ and USD firmer into NFP report
Norway's sovereign wealth fund sent a letter to the finance ministry recommending the reduction of holdings of US Treasuries from 70% to 50%, according to FT.US equity futures mixed; Volkswagen benefits after the approval of cost-cutting plan.USD slightly firmer heading into the jobs report; JPY gives back some of Thursday's gains.Fixed income benchmarks muted; USTs unfazed following the FT report that Norway may reduce holdings.Energy benchmarks softer amid light geopolitical updates.Looking ahead, highlights include US Jobs Report (Aug), Canadian Jobs Report (Aug).Read the full report…
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