Bonds Circle The Wagons Ahead of High Risk NFP
By: Mortgage News Daily | Published: 2025-07-02 19:43:00 | Source: www.mortgagenewsdaily.com
Bonds Circle The Wagons Ahead of High Risk NFP
Wed, Jul 2 2025, 3:43 PM
The consensus for tomorrow’s NFP (nonfarm payrolls, the principal component of the big jobs report) is 110k–not much of a downgrade from last month’s 139k. The bond market has recently been trading as if it expects to see an even lower number–a fact that’s not too surprising given the preponderance of other data that suggests a weaker labor market in June. The latest in that list was today’s ADP…
