US Treasury Doubles Long-Term Bond Buybacks as Yields Surge 
Gold Prices Slide as Treasury Yields Surge, Fed Minutes in Focus 
US Dollar Hits Three-Month Low as Treasury Yields Fall 
Oil Prices Climb as US-Iran Hormuz Tensions Rattle Markets 
U.S. Public Debt Tops $40 Trillion for First Time 
Wall Street Gains as Treasury Yields Fall, Fed Minutes Signal Inflation Risks 
Australian Consumer Sentiment Jumps 6% in August as Rate Outlook Improves 
Oil Prices Rise as Iran-U.S. Tensions Threaten Strait of Hormuz Supply 
Asian Currencies Rise as Dollar Hovers Near Multi-Month Lows 
Trump Pauses 50% Canada Tariffs for Three Days as U.S. Trade Deal Takes Shape 
Gold Prices Hold Near $4,400 as Fed Rate Hike Bets Fade 
Trump Says Iran Talks Halted as Strait of Hormuz Dispute Fuels Oil Concerns 
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Yesterday’s ADP employment report was a total blockbuster and we need to give some of the credit to the newly elected President of the United States; Donald Trump who has held meetings with several US companies even before his inauguration and was successful in making them not leaving the country and adding jobs. We would lay out several charts,
- The total number of jobs added in the economy as per the ADP payroll report was at 298,000 in February which is the highest since April 2014. (Chart 1)
- The number of jobs added in the goods-producing sector was 106,000 in February, which is the highest since at least 2002 (when comparable records began). (Chart 2)
- The number of jobs added in the manufacturing sector was 32,000 in February, which is the highest since April 2012. (Chart 3)
- The number of jobs added in the construction sector was 66,000 in February, which is the highest since at least 2002 (when comparable records began). (Chart 4)
