bearish
Global FX & Rates: US rates and FX market after a rollercoaster Friday
SUMMARY
- Markets experienced significant volatility in response to comments from New York Fed presidents and Governor Waller, resulting in pricing of around 30 basis points for the September meeting
- Labor market data suggests softening, with revisions showing a decline in private sector payroll growth, indicating a shift towards imminent Fed easing
- Opportunities in Treasuries lie in steepeners, with a focus on front end steepening and potential for further broadening of the steepening trend as the Fed moves towards easing.
This content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only.
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