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This marketing document has been issued by Bank Syz Ltd. It is not intended for distribution to, publication, provision or use by individuals or legal entities that are citizens of or reside in a state, country or jurisdiction in which applicable laws and regulations prohibit its distribution, publication, provision or use. It is not directed to any person or entity to whom it would be illegal to send such marketing material. This document is intended for informational purposes only and should not be construed as an offer, solicitation or recommendation for the subscription, purchase, sale or safekeeping of any security or financial instrument or for the engagement in any other transaction, as the provision of any investment advice or service, or as a contractual document. Nothing in this document constitutes an investment, legal, tax or accounting advice or a representation that any investment or strategy is suitable or appropriate for an investor's particular and individual circumstances, nor does it constitute a personalized investment advice for any investor. This document reflects the information, opinions and comments of Bank Syz Ltd. as of the date of its publication, which are subject to change without notice. The opinions and comments of the authors in this document reflect their current views and may not coincide with those of other Syz Group entities or third parties, which may have reached different conclusions. The market valuations, terms and calculations contained herein are estimates only. The information provided comes from sources deemed reliable, but Bank Syz Ltd. does not guarantee its completeness, accuracy, reliability and actuality. Past performance gives no indication of nor guarantees current or future results. Bank Syz Ltd. accepts no liability for any loss arising from the use of this document.
Truflation is a digital, real-time alternative to government inflation numbers. Unlike the traditional CPI, which updates monthly and is based on a fixed “basket of goods,” Truflation tracks millions of prices daily from sources like Amazon, Zillow, and grocery stores. It’s faster, more reflective of actual spending, and transparent because it uses blockchain technology. This means you can see changes in prices almost immediately, giving a clearer picture of how your money’s value is changing in real time.
Establishment Survey showed 130k new payrolls, well above 65k consensus estimate – and ahead of “whisper numbers” that were closer to 50k or even lower. This is the strongest number since April 2025... And here’s the kicker: -34,000 GOVERNMENT jobs. Private sector up. Government down ‼️ According to Household Survey, employment jumped by 528k in January, pushing the unemployment rate down to 4.3% from 4.4% in December. US Treasuries are selling off in response, with US 10y yield up 6bps. This better than expected report has caused odds of a rate cut in March to drop from around 20% to 6%. Source: Bloomberg, HolgerZ
➡ Since Trump’s Friday announcement, flows in options linked to the Secured Overnight Financing Rate — which closely tracks the central bank’s path — have reflected bets on a more dovish tilt once Warsh takes his post in time for the Fed’s June meeting. Source: Christophe Barraud @C_Barraud on X, Bloomberg
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