|
|
|
|
|
|
|
|
|
|
|
|
|
05.09.25 - 00:45
|
The Drop In Yields Is Good News For Countries Forced To Deny They Need An IMF Bailout (ZeroHedge)
|
|
The Drop In Yields Is Good News For Countries Forced To Deny They Need An IMF Bailout
By Bas van Geffen and Elwin de Groot, strategists at Rabobank
After some difficult trading sessions, ultra-long bonds appear to have caught a bit of a break.
The Job Openings and Labor Turnover Survey (JOLTS) indicated that US labor demand is diminishing. The quits rate had already stabilized around the 2% level, as fewer people are voluntarily leaving their job for a better opportunity elsewhere. More recently, the number of vacancies is now also declining – both in the private sector and in government– and layoffs have been edging higher through July.
The JOLTS report corroborates the employment report that got the Commissioner of Labor Statistics fired, and it further supports the case for a rate cut this month. Yes, there's still the August non-farm payrolls report on Friday, which should give a more up-to-date view of the labor market. But will that single data point really change the Fed's course ...
|
|
|
|
|
|
|
|
|