Bond Markets on Edge: May Jobs Report Holds the Key to Fed Rate Cut Timing

Bond traders are laser-focused on the May jobs report as they search for any signs of a softening U.S. labor market—and clues about when the Federal Reserve might finally begin cutting rates
Yesterday, Treasury yields dipped to their lowest in nearly a month after weekly jobless claims unexpectedly surged to an eight-month high. This shift prompted markets to nearly fully price in a Fed rate cut by September, rather than October

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