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U.S. Treasury yields rose as investors awaited the crucial October jobs report, with the 10-year yield at 4.2947% and the 2-year at 4.1806%. Economists expect nonfarm payrolls to increase by 100,000, the smallest rise in nearly four years, while the unemployment rate is projected to hold at 4.1%. This data precedes the Federal Reserve's interest rate decision on November 7.
U.S. equity funds attracted $20.08 billion in net inflows for the week ending October 16, driven by strong bank earnings and optimism over a potential Federal Reserve rate cut. The financial sector saw the highest inflows in three months at $1.17 billion, while bond funds received $9.78 billion, marking their largest weekly inflow in the same period. Conversely, money market funds experienced $11.79 billion in net sales, the first outflow in four weeks.

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