From Quiver Quantitative: 2025-06-07 00:22:00

Treasuries slumped as strong U.S. job and wage growth led traders to reduce bets on Fed rate cuts, pushing yields higher. The 10-year yield rose to 4.49%, while the S&P 500 gained over 0.7% as investors shifted from bonds to risk assets. Nonfarm payrolls increased by 139,000 in May, beating forecasts, and wage growth accelerated. Fed officials await more data before considering rate cuts, with odds for June and July nearly zero. Investors now expect fewer rate cuts in 2025, signaling confidence in the economy’s strength. The upcoming CPI release will provide more insight into inflation trends.



Read more at Quiver Quantitative: Traders Scale Back Fed Cut Bets After Strong Jobs Report Sends Yields Soaring