U.S. short-term interest rate futures surged, as the market reduced bets on interest rate hikes
According to Jinshi reports, U.S. short-term interest rate futures surged after the non-farm payroll data was released, as the market reduced bets on a Federal Reserve rate hike.
The market has now fully absorbed the expectation of a Federal Reserve rate hike in December, whereas the previous expectation was for a rate hike in October.
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