Analysts: Strong US employment figures demonstrate economic resilience, but the Federal Reserve still faces high uncertainty.

According to ME News, on February 12th (UTC+8), Vontobel analyst Andrew Jackso stated that the higher-than-expected increase in US job growth in January further confirms the resilience of the economy, but it does not provide further clear guidance for policymakers. While the current economic situation is more predictable than at the beginning of last year, the Federal Reserve faces greater uncertainty than many other central banks. For fixed-income investors, the core conclusion is: "Credit fundamentals are sound, macroeconomic conditions are sound, and the US economy has shown considerable resilience." Compared to a year ago, concerns about high corporate bond valuations are less pronounced. "I think credit spreads are likely to remain at current levels, or even narrow slightly further." (Source: ME)