Rates Spark: Positive Signs From Dutch Pension Reforms
Source: SeekingAlpha
2025-10-02 04:58:00 ET
Without payrolls, second-tier data is now driving US rates
With the US government in shutdown, rates will have to find signals from other sources, which in turn could trigger more dovish moves. Already, the disappointing ADP job numbers were enough to pull the 10Y UST yield down some 6bp. And with a low probability of seeing non-farm payroll numbers on Friday, the Fed’s Beige Book next week may be the next information to work with. As a reminder, the August Beige Book was quite downbeat on the jobs market, with quotes such as “most districts mentioned an increase in the number of people looking for jobs."...
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Rates Spark: Positive Signs From Dutch Pension Reforms
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