"[Analyst: Strong U.S. Employment Shows Economic Resilience, but the Fed Still Faces High Uncertainty] BlockBeats News, February 12, Vontobel analyst Andrew Jackso stated that the higher-than-expected increase in U.S. employment in January once again demonstrates the resilience of the economy, but it has not provided clearer guidance for policymakers. Although the current economic situation is more predictable than at the beginning of last year, the Federal Reserve still faces greater uncertainty compared to many other central banks. For fixed-income investors, the core conclusion is: 'Credit fundamentals are acceptable, macroeconomic conditions are acceptable, and the U.S. economy demonstrates considerable resilience.' Compared to a year ago, concerns about corporate bond valuations being at high levels are less pronounced. 'I believe credit spreads may remain at current levels or even narrow slightly further.'" (Jin10)