2nd July 2021

  • JPMorgan Sees Rates-Market Peril as Jobs Data, Holiday Converge

Volatility in first hour has exceeded average, JPMorgan finds

Treasury market depth has been lower than normal on those days

https://blinks.bloomberg.com/news/stories/QVKLH9T1UM10

  • U.S. Job Gains Seen Strengthening After Two Disappointing Months

June payrolls projected to increase by more than 700,000

Labor force participation depressed; job openings at a record

https://blinks.bloomberg.com/news/stories/QVGRK6T0AFBD

  • Global Tax Overhaul Nears Historic Deal Amid Last-Minute Hurdles

Approval by EU members, U.S. Congress could be tricky

Nations are aiming to reach final deal by end of October

https://blinks.bloomberg.com/news/stories/QVLSUGT0G1KW

  • Fed Likely Needs to Raise Rates as Soon as Late 2022, IMF Says

IMF sees asset-purchase taper starting in first half of 2022

Economy reopening seen creating unpredictability for inflation

https://blinks.bloomberg.com/news/stories/QVL298T1UM0X

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