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 The Alibaba Conundrum and Gold's Rally READ MORE Gundlach Skeptical of 'Goldilocks' Economy, Foresees Recession READ MORE Fed's Bowman Urges Caution: Inflation Risks Persist, Rate Cuts Premature READ MORE How Productivity Gains Could Shape the Fed's Inflation Battle READ MORE Metals Close Mixed on Final Trading Day — Gold Up 14% for the Year READ MORE Add a Comment Cancel replyYour email address will not be published.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