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FXstreet.com (Barcelona) - US Treasury yields have been moving higher ss the FOMC appears to be focused on "framing the timing for the conclusion of the assets purchase program", and yesterday's release of the December FOMC minutes reinforced that trend. "The Minutes indicated a diversity of opinion among members, but in general late-2013 is seen as a natural end point for asset purchases by most members", wrote TD Securities analysts, expecting the US NFP report to be the main attraction of the day. "Despite the 215k gain in the ADP yesterday, we expect a below-consensus +82k (mkt +153k), as heighted anxiety on the impact of the fiscal cliff continues to constrain business hiring decisions (more details below)", they said.
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