The Fed is in a dilemma, U.S. bonds rebound 🗣️
The mixed information presented by the non-farm payroll data is enough to put the "data-dependent" Federal Reserve into a dilemma (at Friday's close, the possibility of raising interest rates before the end of the year was still less than 20%), and U.S. Treasuries finally showed a relief rebound, 10 The 1-year yield fell 11 basis points during the session, but it was not enough to salvage a difficult week. U.S. Treasuries had their largest weekly move since February, and the SPX Index experienced its worst week since March. And even though crude oil prices rose more than 10%, the commodity's performance was still its worst since June.
