#fedoctoberratehikeoddsfallto17% 🚨
Only 29,000 jobs were added in September, shifting the outlook on the Federal Reserve
.
The report disappointed all expectations in a Bloomberg analyst survey.
The unemployment rate edged up slightly, and the previous two months were revised downward.
Government bonds (Treasury) strengthened as traders slowed the pace of bets
on a rate hike
:
• Probability of a rate hike in October: ~30% → ~20%
• Treasury bill yield for 2-year maturity: fell by up to 10 basis points to 4.69%
• Treasury bill yield for 10-year maturity: fell by up to 8 basis points to 5.15%
Markets are no longer fully pricing in an additional quarter-point rate hike this year.$4
$SENT
$ATH
Only 29,000 jobs were added in September, shifting the outlook on the Federal Reserve
.
The report disappointed all expectations in a Bloomberg analyst survey.
The unemployment rate edged up slightly, and the previous two months were revised downward.
Government bonds (Treasury) strengthened as traders slowed the pace of bets
on a rate hike
:
• Probability of a rate hike in October: ~30% → ~20%
• Treasury bill yield for 2-year maturity: fell by up to 10 basis points to 4.69%
• Treasury bill yield for 10-year maturity: fell by up to 8 basis points to 5.15%
Markets are no longer fully pricing in an additional quarter-point rate hike this year.$4
$SENT
$ATH