Reported 2 days ago
Treasuries experienced their largest rise since 2023, with short-term yields notably dropping after weaker-than-expected US job data fueled speculation that the Federal Reserve would implement interest rate cuts, possibly as early as next month. This shift in sentiment led to a significant slump in US stocks and the dollar, as traders adjusted their forecasts for two rate cuts this year, with a 90% probability of the first occurring at the next Fed meeting in September.
Source: YAHOO