Key Highlights: U.S. nonfarm payrolls surged by 165,000 in October, substantially beating the projected 65,000 additions, while September gains were revised up to 60,000. The nationwide unemployment rate ticked down to 4.1%, accompanied by stronger-than-expected average hourly wage growth of 0.4% month-over-month. Treasury yields climbed as market participants reassessed Federal Reserve monetary policy odds ahead ...
Key Highlights: Bitcoin surged past $87,000 before a slight correction, rallying more than 35% since mid-August amid surging demand for the “debasement trade.” U.S. Treasury debt buyback operations targeting 10- and 20-year notes have tripled in size to support bond market liquidity and ease borrowing pressures. Cooling labor metrics—highlighted by September payrolls adding just 29,000 ...
Key Highlights: The U.S. added 29,000 jobs in September, well below the 90,000 consensus forecast. The unemployment rate rose to 4.2%, while earlier job gains were revised lower. Markets increased expectations that the Federal Reserve could hold interest rates as wage growth slowed. U.S. Jobs Growth Slows Sharply in September The U.S. labor market weakened ...
Key Highlights Bitcoin briefly climbed above $86,885 on Friday ahead of the latest U.S. jobs report. Bitcoin remained about 1.5% higher on the day and roughly 3% higher in October after easing to around $86,000. Investors are watching September employment data as elevated Treasury yields and a stronger U.S. dollar continue to influence risk assets. ...