U.S. Job Growth Impacts Rates

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Treasury market

Reuters

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How a rates rethink after strong US jobs data could shake up markets

Summary

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80% Informative

Stronger-than-expected growth spurs investors to radically shift views on how much the Federal Reserve will need to cut borrowing costs.

The Fed delivered a jumbo-sized 50 basis-point cut last month , temporarily vindicating that view.

But the trajectory of rates is less certain after Friday ’s labor market report.

That suggests there is less need for more large cuts this year and raises prospects of a reversal in many of the trades.

"The economy may not be in as much trouble as people were worried about, and it may not need these large rate cuts that fueled the interest in the higher-yielding areas of the market," said Robert Pavlik , senior portfolio manager at Dakota Wealth . (Reporting by Saqib Iqbal Ahmed and Lewis Krauskopf in New York ; Additional reporting by Davide Barbuscia in New York ; Editing by Ira Iosebashvili and Matthew Lewis ).

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Informative language

Neutral language

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formal

Language

English

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not offensive

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not hateful