U.S. private sector payrolls fell sharply, and rising Treasury prices sparked bets on rate cuts.
After the sharp decline in US private sector employment data, US Treasury prices rose, prompting traders to increase their bets on a rate cut by the Federal Reserve this year. Interest rate swap contracts linked to the upcoming Fed meeting date show that the expected rate cut by the end of the year is 46 basis points, compared to the 42 basis points expected before the data was released. Gregory Faranello, head of interest rate trading and strategy at Ameri Vet Securities, said that the job market has clearly weakened, and the market reaction is because the likelihood of the official non-farm employment report being released on Friday seems unlikely.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
How a Query from an Office Supplies Specialist Transformed a $12 Billion Trucking Approach
- A non-trucking board member's question prompted Ryder System to shift focus from leasing to targeting 80-85% of companies owning their own trucks. - The strategic pivot aligns with growing demand in long-haul freight driven by e-commerce, trade agreements, and tech innovations like IoT fleet management. - Industry consolidation and sustainability trends, including electric trucks, are reshaping competition as firms expand specialized services like temperature-controlled logistics. - Ryder's experience hi
Ethereum News Update: Disorder or Planning? Apeing's Early Sale Breaks the Typical Meme Coin Mold
- Apeing ($APEING) emerges as a structured meme coin contender with a verified whitelist presale offering 10,000% projected gains, contrasting chaotic market norms. - Bitcoin and Ethereum show mixed recovery signals while Pepe ($PEPE) and Bonk ($BONK) dominate headlines amid growing institutional interest in meme coins. - Apeing's hybrid model combines meme virality with AI-driven utilities and audited infrastructure, drawing comparisons to Ethereum's blockchain evolution. - Risks persist due to market vol
Bitcoin Updates: Major Institutions Increase Bitcoin Holdings During Price Drops While Solana ETFs Resist Market Downturn: Opportunity or Crisis?
- Institutional investors and presale participants are buying dips in Bitcoin , Solana , and BNB as market volatility creates accumulation opportunities. - Hyperscale Data (GPUS) boosted its Bitcoin treasury to $70.5M (77% of market cap), aiming to expand to $100M via dollar-cost averaging. - Solana ETFs defied broader outflows with $568M net inflows, contrasting Bitcoin's $3.7B ETF exodus and signaling shifting institutional risk appetite. - Market dynamics hinge on Fed policy, ETF stabilization, and tech
Bitcoin Updates: IMF Warns of Widespread Risks Amid Growing Popularity of Tokenized Finance
- IMF highlights tokenized finance's efficiency gains but warns of systemic risks like smart contract interdependencies and liquidity vulnerabilities. - Upcoming Chainlink ETFs signal growing institutional adoption, with Grayscale and Bitwise advancing regulated exposure to $100B+ oracle network assets. - Analysts predict over 100 new crypto ETFs in six months, but XRP's 18% price drop underscores market volatility despite regulatory approvals. - IMF anticipates regulatory frameworks to address cross-platf
Trending news
MoreCrypto prices
More
