Global Bond Markets Surge Amidst Softening US Job Openings The recent softening of US job openings data has fueled a global bond rally, prompting Treasury yields to drop for the fourth consecutive day, hitting 4.32%, the lowest since mid-May. The decline follows a significant slide in April’s JOLTS job openings, signaling a potential cooling of the US economy. Traders are now factoring in higher chances of Federal Reserve interest-rate cuts, possibly starting as early as November, with Fed officials likely to address these expectations in their upcoming meeting. Despite indications for a possible September cut, uncertainties remain as the market awaits May’s employment report and inflation data. Analysts suggest that the 10-year note’s yield may test its low end since April 2, currently at 4.309%, amidst cautious buyer sentiment following last week’s yield surge triggered by unexpected inflation data challenging the consensus for Fed rate cuts. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts Mortgage Rates Hit 16-Month Low as Fed Signals Rate Cuts READ MORE IOU YOU: "Value in Gold, Fraud in Fiat" READ MORE JPMorgan Cautions Investors: Stock Market Troubles Not Over Yet READ MORE Federal Reserve Signals Economic Pivot with Anticipated Rate Reduction READ MORE Major Win for Consumers: Credit Card Late Fees Reduced by CFPB Ruling READ MORE Add a Comment Cancel replyYour email address will not be published. Required fields are marked *Name * Email * Save my name, email, and website in this browser for the next time I comment. Comment