Interest rate cuts? Stop dreaming.



This May non-farm payroll data directly shattered the last bit of market hope.

Added 172k jobs, far exceeding expectations; even more impressively, the data for March and April were revised upward by 93k — the U.S. labor market is much stronger than everyone thought.

The market flipped overnight: from betting on rate cuts to pricing in the possibility of the Federal Reserve tightening further.
The 10-year U.S. Treasury yield jumped by 4.7 basis points, surpassing 4.524%.
As risk-free returns rise, liquidity for risk assets is being drained.

Bitcoin, $50k is not far away. #币圈# #区块链# #比特币ETF单日净流出7272枚 #Gate携手Alpaca链接数字资产与股票金融交易 #美众议院叫停对伊军事行动 $BTC $ETH
BTC-4.79%
ETH-8.98%
View Original
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pinned