14 corporate defaults in the past three weeks and renewed downward rating pressure provide the backdrop to a busy week ahead for macroeconomic data insights. Central banks will meet to discuss monetary policy, including in Australia (Tuesday), Canada (Wednesday), and Japan (Friday). However, everyone's looking toward Friday's U.S. non-farm payrolls figures, after last month’s report triggered a sharp increase in rate expectations and stifled this year's market rally. Further good news on the jobs front could be bad news for markets.