Robust non-farm payroll data weakens expectations for a Federal Reserve rate cut

According to ChainCatcher, citing Golden Ten Data, interest rate strategist Ira Jersey recently commented that stronger-than-expected non-farm payroll data highlights that the United States is still far from recession, making it unlikely that the Federal Reserve would choose to cut rates in this situation. Given that rate markets have already largely ruled out expectations of a rate cut, U.S. Treasury yields are not expected to show significant volatility.