#fedoctoberratehikeoddsfallto17% 🚨
Just 29,000 jobs added in September is changing the outlook for the Fed
.
The report missed every estimate in Bloomberg’s economist survey.
Unemployment edged higher, and the previous two months were revised lower.
Treasuries rallied as traders dialed back
rate-hike
bets:
• October hike odds: ~30% → ~20%
• 2-year Treasury yield: down as much as 10 basis points to 4.69%
• 10-year Treasury yield: down as much as 8 basis points to 5.15%
Markets are no longer fully pricing in another quarter-point hike this year.$4 $SENT $ATH
Just 29,000 jobs added in September is changing the outlook for the Fed
.
The report missed every estimate in Bloomberg’s economist survey.
Unemployment edged higher, and the previous two months were revised lower.
Treasuries rallied as traders dialed back
rate-hike
bets:
• October hike odds: ~30% → ~20%
• 2-year Treasury yield: down as much as 10 basis points to 4.69%
• 10-year Treasury yield: down as much as 8 basis points to 5.15%
Markets are no longer fully pricing in another quarter-point hike this year.$4 $SENT $ATH
