Treasuries rally after private sector data signals a cooling US labor market spurring traders to boost bets on a Fed rate cut.
Anna Edwards
Valerie Tytel
The US labor market is continuing on a weakening track which led to a substantial rally in treasury futures and pricing around a 70 percent chance the Fed will cut in December.
Markets are uncertain with the Fed divided on inflation versus labor concerns, making the December rate cut a coin toss.
Guy Johnson
Valerie Tytel
Liquidity issues have caused market struggles recently; a rapid unwind of Treasury General Account cash balances could help equities, gold, and front end interest rates rebound positively.
Valerie Tytel
Trump's dinner with Wall Street executives may be an attempt to pressure the Federal Reserve for lower interest rates.