Forex
US Employment Data Triggers Interest Rate Concerns
The latest US employment data has sent shockwaves through the market, causing a drop in yields. The non-farm payrolls announcement on Friday showed only 29,000 jobs added, which was significantly lower than the anticipated 90,000. This has led to speculation that the Federal Reserve may not need to raise interest rates as quickly.
The 2-year yield is currently pulling back towards 4.735%, a significant decrease from previous highs. The technical analysis of the US 2-Year Yield shows a clear downward trend in recent days. This move could have a major influence on various markets, including assets that are sensitive to interest rate changes.