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Street Color: BMO Capital's Pre-Nonfarm Payrolls Survey Shows Willingness to Buy Post-Payrolls Dip in Treasuries at Highest Since February 2020

· 02/05/2021 02:36

07:34 AM EST, 02/05/2021 (MT Newswires) -- BMO Capital said its pre-NFP survey offers nuance on sentiment heading into Friday's jobs numbers.

The willingness to buy a post-payrolls dip is the highest since February 2020 at 48% versus the 40% average and the do-nothing camp was just 46% compared to the 54% norm.

If the market trades higher after the data is in hand, just 39% would sell; matching the last six months' average.

The company said 68% of survey respondents expected the next 15 basis points in 10-year yields will be toward higher rates. That is well above the 56% average and matches the largest share since September 2017.

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