• US job openings decline to lowest level since March 2021
  • BlackRock warns on rate-bet disappointment, volatility in 2024

Treasuries resumed their rally on Tuesday as further labor-market slowdown reinforced speculation the Federal Reserve will be able to cut interest rates next year to prevent a recession.

Yields dropped across the US curve as job openings hit the lowest since March 2021. Concerns about markets being too fast in anticipating Fed easing have recently surfaced — underscoring the risks for traders expecting a pivot. It’s a bet that stands to pay off handsomely if rate cuts materialize — or backfire if policymakers opt to keep borrowing costs higher for longer.

By Admin

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