Expectations of a significant rate cut in the U.S. strengthen in response to weak employment statistics - temporary resolution of the inverted yield curve

Expectations of a significant rate cut in the U.S. strengthen in response to weak employment statistics - temporary resolution of the inverted yield curve
September 5, 2024, 0:39 JST (excerpt)
The 10-year bond yield temporarily returned to a positive yield for the second time since 2022.
JOLTS statistics lower the hurdle for a 50bp rate cut in September - BMO.
In the US bond market on the 4th, there was a strong speculation of a significant rate cut by US financial authorities due to the JOLTS data from the US Department of Labor, which was lower than expected. The 2-year bond yield temporarily fell below the 10-year bond yield. The resolution of the inverted yield curve is the second time after 2022.