Expert: Strong U.S. Nonfarm Data Suggests Recession Is Distant

Ira Jersey, a rate strategist, recently commented that the stronger-than-expected nonfarm payroll data highlights that the U.S. is far from a recession. According to Jin10, it is difficult to foresee the Federal Reserve opting for a rate cut under these circumstances. Considering that the rate market has largely dismissed the expectation of a rate cut, it is believed that U.S. Treasury yields will not experience significant fluctuations.