US Treasury bonds soared, and after April's non-farm payrolls data were weaker than expected, traders anticipated when the Fed would cut interest rates ahead of schedule. As traders digested the latest non-farm payrolls data, the 2-year yield, which is most closely linked to the Fed's policy outlook, once fell 17 basis points to 4.71%. Traders now expect the Federal Reserve to cut interest rates in September as soon as possible; earlier on Friday, it was also expected to be November. At the same time, it is expected that there will be two 25 basis point interest rate cuts this year. “The report shows that the situation is just right. It will satisfy the Federal Reserve and satisfy the market,” El-Erian, dean of Queen's College at Cambridge University, said on Friday.
美债收益率大跌 交易员对美联储首次降息时间的预期提前至9月
US bond yields plummeted, and traders' expectations for when the Fed will cut interest rates for the first time have been brought forward to September
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