[lbo-talk] good news! more job declines coming!!

[Doug Henwood]

Haven't seen this sort of thing in a while, but here's the lead of 
Wrightson ICAP's preview of Friday's US employment report (Wrightson 
is a research boutique specializing in the credit markets):


>The monthly employment reports have consistently been a source of 
>good news for the credit markets this year, and there is no reason 
>to expect the headline numbers to be anything but bond friendly 
>again this month. We share the consensus forecast of a 25K decline 
>in payrolls and a 0.1% increase in the unemployment rate.