European and US markets staged a rebound as long-dated yields eased, giving equities a breather. Big Tech led the way, with Alphabet soaring to fresh highs after antitrust relief and Apple jumping on a favourable court decision. But beneath the surface, the bond market is telling a different story.
Sovereign bond appetite for long maturity papers remain weak, with the US 30-year flirting with 5% and the yield curve steepening. Soft US jobs data hint at a cooling labour market, fueling bets on Federal Reserve (Fed) cuts, but the rising inflation expectations keep long term investors on edge.
Investors will be closely watching the US jobs data in the coming hours. Weak data could further boost Fed cut expectations but impact on the long end of the yield curve remains uncertain.
作者：Ipek Ozkardeskaya，文章来源FXStreet，版权归原作者所有，如有侵权请联系本人删除。
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