Express News | US July ADP Nonfarm Employment Change +122000 Vs +147000 Forecast, Prior +150000
Treasury Yields Steady Ahead of Federal Reserve Policy Decision
Lower U.S. Borrowing Helps Treasurys, but Bunds Still Outpeform
The demand continues to decline, and the prosperity of the US manufacturing industry is fading.
Producers of durable goods such as automobiles, agricultural machinery, and washing machines all anticipate a challenging business environment for the remaining time this year as consumer demand in the USA slows down, and have begun to lay off employees and reduce production.
As the interest rate cut approaches, the US has a reserve of 6 trillion dollars in ammunition, but the biggest beneficiary may not be the US stock market.
The loose interest rate cycle in the United States is about to begin, and some investors believe that it will cause funds to flow from money market funds (MMFs) to US stocks, providing support for stock market growth. However, UBS Group pointed out that historical data shows that this may not be the case.
The longest consecutive increase in three years! The expectation of an interest rate cut by the Federal Reserve ignited the US bond market, and investors are facing a crucial decision week!
The continuous rise in US bond prices suggests the possibility of achieving a third consecutive month of growth, which will be the longest lasting uptrend in three years.