The US private employment data has fallen sharply, and the rise in the price of government bonds has triggered interest rate cut bets
2025-10-01 12:47:53
Treasury prices rose in response to a sharp drop in US private sector jobs data, prompting traders to step up their bets on the Federal Reserve cutting interest rates this year. Interest rate swap contracts tied to the date of the upcoming Fed meeting show a rate cut of 46 basis points by the end of the year, compared with 42 basis points before the data was released. Gregory Faranello, head of interest rate trading and strategy at Ameri Vet Securities, said the jobs market had weakened significantly and the market was reacting because Friday's official non-farm payrolls report appeared unlikely. (Jin Ten)
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