Key Highlights: - U.S. 10-year Treasury yield was broadly unchanged week-on-week as markets digested delayed macroeconomic data. The U.S. economy expanded at a robust 4.3% annualized pace in Q3, stronger than market estimates. While supportive of growth momentum, the upside surprise adds complexity to the Federal Reserve’s interest-rate outlook. - On the labour front, private-sector employment in the U.S. continued to expand. According to the weekly update of the ADP National Employment Report,