) tip lower Thursday morning after the Federal Reserve's motion to hold interest rates. The US Bureau of Labor Statistics is due to report July jobs data Friday morning. What are the prospects of possible rate cuts in September and incoming economic data mean for the bond market?
It's one of two jobs report prints that we are going to get prior to the feds next meeting, which is scheduled for September joining us.I think the question that some are asking on the street is whether or not this move that we've seen in yields, if it's overdone, what do you think? It leads the way when you have a shift in monetary policy, it leads the way down yields when they turn dovish up in yields when they're hawkish.We've been set around that five year.
So I think the market with the claims number this morning, even though it's a little bit of a nuance because of the hurricane, you know, the claims number this morning, the weaker ism people a little concerned about tomorrow's payroll number and they're, they're sort of pushing the fed and say, hey, you might be waiting a little bit too long before you move.And then we've got one more before the September meeting.
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