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 This Recession Indicator With a 45 Year Track Record Just Rolled Over… READ MORE Fed's Kashkari Opens Door to September Rate Cut Debate READ MORE High Fed Rates Delay Business Investments, Slow Economy READ MORE U.S. Credit Card Debt Hits Unprecedented $1.13 Trillion, Fed Report Reveals READ MORE Bullion Prices Stable as Traders Await Inflation Cues READ MORE Add a Comment Cancel replyYour email address will not be published.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