Bond market awaits non-farm "verdict" market focus returns to US employment

Due to investors waiting for economic data and no signs of easing tensions in the Middle East, eurozone bond yields have risen. Christoph Rieger of Deutsche Bank stated in a report, "Before the weekend arrives, macroeconomic data and central bank officials' statements may divert market attention from geopolitics, which is a good thing." The market is particularly focused on US employment data, viewing it as a key driver for the global bond market. The head of interest rate and credit research pointed out, "Weak data could highlight the dilemma facing the Fed, with a weak labor market and rising inflation risks." In addition, European Central Bank Executive Board Member Schnabel is scheduled to speak in New York later in the day.