Reported 6 months ago
The US job report led to a surge in Treasury yields as traders adjusted their expectations on Federal Reserve rate cuts. Nonfarm payrolls beat estimates, pushing back bets on Fed easing and fueling speculation around the future of interest rates. The report also impacted stock markets, with the S&P 500 falling 0.1% and key players in the bond market changing their calls on rate cuts. The upcoming CPI data will further clarify the US economic landscape before the Fed's rate decision.
Source: YAHOO