0year Treasury yield steady at 4.72
Dollar heads for record weekonweek streak
All eyes on U.S. payrolls at 1230 GMT
SINGAPORE, Oct 6 Reuters A lull in bond selling has stretched into Friday, but may not last the day as investors waited on U.S. jobs data that could add to the case for keeping interest rates high for some time.
Oil39;s flip from surging to sliding has also provided respite, with Brent crude futures at 84.50 a barrel, some 13 or 13.5 cheaper than last week39;s 11month high.
MSCI39;s broadest index of AsiaPacific shares outside Japan rose 0.9. Tokyo39;s Nikkei was flat and currency markets were similarly steady, though the bond rout has the dollar headed for a record 12th straight week of gains.
Tenyear U.S. Treasury yields were mercifully steady at 4.72 through the Asia session, but have climbed 55 basis points in a fiveweeklong selloff that has dragged on bond markets and appetite for risktaking around the world.
The recent sharp selloff has the paradoxical power to sow the seeds of its own reversal, said analysts at Rabobank, since tighter financial conditions will weigh on demand, and increase the likelihood that policy rates are peaking and not pausing.
Nobody was placing big bets, however, before the publication of U.S. nonfarm payrolls data at 1230 GMT.
Economists polled by Reuters39; expect it to show 170,000 U.S. jobs were added last month, though estimates range as high as 256,000.
It39;s hard to disentangle where people are sitting,…