The global stock market mostly gained on Wednesday (March 3), but United States (US) stocks experienced an extended decline. The 10-year Treasury yield extended its gains and climbed more than eight basis points to 1.49%. On the macro side, US private payrolls increased 117 thousand in February, as manufacturing (-14 thousand jobs) and construction (-3 thousand jobs) lost momentum. Meanwhile, the Services ISM declined 3.4 percentage points to 55.3 in February.

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