However, the slower pace of jobs growth than expected in April had traders speculating that the Fed will cut rates sooner. In response, treasury bond yields dropped and stocks rose. The two-year Treasury yield, which moves with interest rate expectations, dropped 0.14 percentage points to 4.74 per cent.

Original Image Link
Source:www.ft.com

Original Image Link
Source:www.ft.com
Posted: 2024-05-03 10:15:00