[U.S. Nonfarm Data and Tariff Ruling May Impact Markets]
Economists predict that the U.S. economy added 73,000 jobs last month, higher than November's 64,000, with the unemployment rate expected to drop from 4.6% to 4.5%. The ADP private sector employment report will be released on Wednesday, but it is generally not considered a reliable leading indicator. In addition, the U.S. Supreme Court may rule on the legality of Trump's global tariffs as early as Friday. Portfolio manager Vincent An stated that the employment report is far more significant to the Treasury market than the Venezuela situation, unless Venezuela causes sustained oil price volatility and impacts inflation, which the market has not observed so far.