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Bond yields fell as US unemployment rose unexpectedly to 4.1%, highest since Oct '21, & vs expected 4%.

(Jul 05, 2024)

Bond yields fell as US unemployment rose unexpectedly to 4.1%, highest since Oct '21, & vs expected 4%. 10-yr Treasury off -0.065 to 4.28%. Fed wants lower inflation but worsening labor market raised bets on a -0.25% interest rate cut in Sept to 75% vs 64% last week

Maurizio “Moe” Agostino

Moe is the Chief Commodity Strategist. He is responsible for developing plans and assisting clients in the feed, grain and livestock industry to help them protect themselves from commodity price swings. Moe holds a Derivatives Market Specialist (DMS) designation as well as an Honors Degree in Business Administration. Moe has more than 15 years of financial services industry experience.