WS #11272
June NFP of +57K vs ~110K expected, with downward revisions, pushes 2Y yield lower and weakens USD, countering stagflation narrative but with weak quality (household employment -507K).
US Jobs Miss Eases Rate Hike Fears
June NFP of +57K vs ~110K expected, with downward revisions, pushes 2Y yield lower and weakens USD, countering stagflation narrative but with weak quality (household employment -507K).