The U.S. market remains calm, with interest rate hike expectations gaining momentum 🧐
Yesterday was a fairly quiet day for the U.S. market, without any data or events of note. U.S. bond yields continued to move higher, with the 10-year yield challenging the high of about 4.20% after the non-farm payrolls data, and the market predicted that the Federal Reserve The probability of a rate hike in September is still less than 10%, and the probability of a November rate hike has slightly increased to 30%.
After a difficult last week, stocks rebounded slightly, led mainly by technology stocks, which were hit hard last week; with the exception of USD/CNY FX, trading volumes fell sharply in most asset classes.