{"id":1454984,"date":"2024-02-02T13:50:20","date_gmt":"2024-02-02T18:50:20","guid":{"rendered":"https:\/\/bugaluu.com\/news\/?p=1454984"},"modified":"2024-02-02T13:50:20","modified_gmt":"2024-02-02T18:50:20","slug":"gold-bonds-dump-dollar-jumps-as-payrolls-spark-plunge-in-rate-cut-hopes","status":"publish","type":"post","link":"https:\/\/bugaluu.com\/news\/gold-bonds-dump-dollar-jumps-as-payrolls-spark-plunge-in-rate-cut-hopes\/1454984\/","title":{"rendered":"Gold & Bonds Dump, Dollar Jumps As Payrolls Spark Plunge In Rate-Cut Hopes"},"content":{"rendered":"

Gold & Bonds Dump, Dollar Jumps As Payrolls Spark Plunge In Rate-Cut Hopes<\/span><\/p>\n

\n

The massive beat for payrolls, and resurgence in average hourly earnings,<\/strong> prompted a sharp response from markets with the dollar spiking, along with bond yields, as gold and the yield curve tumbled, as rate-cut expectations plunged…<\/strong><\/p>\n

A March cut is now priced at around 20% and 2024 cut expectations have dropped to 125bps…<\/p>\n

<\/a><\/p>\n

Source: Bloomberg<\/em><\/p>\n

The dollar spiked back to unchanged on the week…<\/p>\n

<\/a><\/p>\n

Source: Bloomberg<\/em><\/p>\n

Treasury yields soared, led by the short-end (2Y +19bps). 10Y yields are back above 4.00%…<\/p>\n

<\/a><\/p>\n

Source: Bloomberg<\/em><\/p>\n

Gold dumped…<\/p>\n

<\/a><\/p>\n

Source: Bloomberg<\/em><\/p>\n

Bitcoin is also sliding, back below $43,000…<\/p>\n

<\/a><\/p>\n

Source: Bloomberg<\/em><\/p>\n

And finally, all the US major equity markets are tumbling, led by Small Caps, back into the red from before the FOMC…<\/p>\n

<\/a><\/p>\n

Now we all wait to see what Powell says on 60 Minutes…<\/p>\n<\/div>\n

Tyler Durden<\/a><\/span>
\nFri, 02\/02\/2024 – 08:50<\/span><\/p>\n

\u200bRead More<\/a>\u00a0<\/p>\n

\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"

Gold & Bonds Dump, Dollar Jumps As Payrolls Spark Plunge In Rate-Cut Hopes The massive beat for payrolls, and resurgence in average hourly earnings, prompted…<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-1454984","post","type-post","status-publish","format-standard","hentry","category-news","wpcat-1-id"],"_links":{"self":[{"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/posts\/1454984","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/comments?post=1454984"}],"version-history":[{"count":0,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/posts\/1454984\/revisions"}],"wp:attachment":[{"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/media?parent=1454984"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/categories?post=1454984"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/tags?post=1454984"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}