October’s U.S. nonfarm payroll report included an 84,000 upward net revision to the prior two months, a closely watched signal of labor-market momentum. Andreas

October’s U.S. nonfarm payroll report included an 84,000 upward net revision to the prior two months, a closely watched signal of labor-market momentum. Andreas Steno Larsen says inflation and real growth remain key drivers of nominal yields.