US Yields Fall as Jobs ‘Seal the Deal’ for Fed Cut: Markets Wrap
When US payrolls were revised sharply lower, bond yields dropped, supporting expectations that the Federal Reserve would slash interest rates in September. Shorter maturities drove the increase in treasuries across the curve. A 100 basis point easing in 2024 is what swap traders are pricing in. According to the contracts’ implied rate, traders anticipate a … Read more
