Ratios

June 8, 2026

Us Employment Is Not Weakening

Daily UpdateEquitiesRates Govt BondsFXInformation TechnologyEnergy

The US labor market showed unexpected strength in the latest Non-Farm Payrolls report, prompting a hawkish repricing of Fed rate expectations. Consequently, US Treasury yields have surged, leading to equity market volatility compounded by geopolitical tensions in the Middle East.

Key Takeaways

  • 1.US Non-Farm Payrolls surprised to the upside with 172K jobs created and significant upward revisions, signaling a strong labor market.
  • 2.Market expectations for Fed rate hikes have sharpened, with a full 25bps hike priced for 2026 and another in 2027.
  • 3.Geopolitical tensions following Iran's strikes on Israel have triggered a sell-off in global equity markets and a rebound in oil prices.

Table of Contents

  • MARKET LINES
  • Rates
  • FX
  • Equities
  • Credit
  • HIGHLIGHTS
  • DAY AHEAD
  • MARKET RECAP
  • INDUSTRY NEWS
  • Real Estate
  • Infrastructure
  • RESEARCH HIGHLIGHTS
  • RESEARCH LATEST FORECASTS
  • RESEARCH EVENTS
  • MID-YEAR OUTLOOK 2026
  • Replays
  • FOLLOW US
  • DISCLAIMERS

Access the Full Report

Get unlimited access to institutional research reports with a 14-day free trial.

Securities

iTraxx Europe Main 5YBrent Futures

Themes

Resilient US Labor MarketFed Policy RepricingGeopolitical Risk (Middle East)

Regions

EuropeAsia PacificUnited StatesIrelandFrance