US 10 YR
Added 2024-06-07 14:25:52 +0000 UTCThere is a battle going on at the 200 Day MA for the US 10 YR, jumping +3% today on the strength of:
'being under pressure after bond yields jumped on the stronger-than-expected US May payroll report, which has dialed back expectations for Fed interest rate cuts. May nonfarm payrolls rose more than expected, and May average hourly earnings unexpectedly accelerated, which are hawkish factors for Fed policy. '
Hourly earnings unexpectedly rising will not help to tame inflation, so the Fed would like to see this rise come down again by next month to show that this is not a trend.
