US employers added just 29,000 jobs in September, far below forecasts, prompting bond traders to scale back bets on near-term Federal Reserve rate hikes. Interest-rate swaps now price roughly a 20% chance of an October increase, down from nearly 30% before the data. Treasury yields rebounded after an initial drop, with the 10-year near 5.21%.
Weak US Jobs Data Eases Fed Rate Hike Expectations
Source: Moneycontrol