The global bonds selloff stops, sending yields down in the U.S. and in major European markets, while the dollar weakens.
In the U.S., worries about increasing government debt are offset by new signs of weakening jobs market, which keep the door open for interest rate cuts.
Pantheon’s Samuel Tombs writes: “July is the first month since April 2021 that the number of unemployed people has exceeded the total number of openings.”
















