Here we go again. After yesterday’s news that US job openings fell to a three-year low in April, the data fueled the incentive for the bond market to reassess the view that the Federal Reserve will keep interest rates higher for longer.
Daily Archives: June 5, 2024
Macro Briefing: 5 June 2024
* US 10-year Treasury yield drops sharply for fourth straight day
* Eurozone economy grows at fastest rate in a year: PMI survey data
* China services sector grows at fastest pace in 10 months
* US factory orders rose for a third straight month in April
* US job openings fell in April to lowest level in over 3 years:
