海外研报

2024 Mid-year outlook

We expect Treasury yields to remain rangebound through the summer, with a declinefrom current levels expected later this year only once the Fed begins easingYields tend to

Employment Report Preview: Slower job growth

June payrolls slow to 210k because of softening demand for and supply of labor. We forecast no change in the unemployment rate at 4.0%; if weaker demand dominates, unemployment