T-Notes fluctuated with a marginal bullish bias, stabilising in the wake of Thursday's sell-off, with participants in the waiting mode ahead of the Nonfarm Payrolls report.

• TYZ2 last trades +0-01+ at 116-01 after holding a tight 0-04 range through the Asia-Pac session. Eurodollars run unch. to 1.5 tick higher through the reds. Cash Tsy yields are within a hair's breadth from neutral levels.
• Price action in Asia hours represented stabilisation after expectation-busting U.S. data sent U.S. Tsys tanking on Thursday. The focus now moves to the U.S. NFP report, which will likely overshadow factory orders and durable goods.
• The headline flow was thin, with regional data docket lacking notable releases. U.S. e-mini futures ground lower amid cautious sentiment. Participants took note of the fact that an aggregate BBG index tracking global bonds has entered bear market.