0513 GMT - The Federal Reserve is expected to remain on hold this year in Russell Investments' baseline scenario, senior investment strategist BeiChen Lin says in a note. "But if job creation were to come in significantly hotter than consensus expectations (e.g. more than double), that might cause the Fed to give more consideration to rate hikes if inflation does not cooperate," he says ahead of Friday's payrolls data. "When we triangulate across all the labor market data that will be released this week, we're expecting that the labor market will be room temperature, rather than boiling or frozen. And that would be good news for the Fed," he says. Russell Investments sees good value in U.S. Treasurys across the curve.