📉 The US Bureau of Labor Statistics announced that non-farm employment increased more than expected in March. While employment increased by 303 thousand people, the market expectation was 200 thousand people. 📊 The unemployment rate in March fell to 3.8%, the market expectation was that it would remain constant at 3.9%. 📉 Following the non-agricultural report, the swap market lowered its expectation of a Fed interest rate cut in 2024. The first sale date has been postponed from July to September.