Welcome to 2 Question Tuesday. This week’s client submitted questions were:

1. Are bond traders taking on a lot of risk betting on a Treasury market rally?
2. Does the jobs report change your outlook on rate cuts and the economy?

Phil, Mike, and Larry discuss reports that bond traders are taking on a record amount of risk, betting big on a Treasury market rally fueled by expectations that the Federal Reserve will cut rates next month. They then talk about the Labor Department revising its last jobs report 30% lower by 818,000 fewer jobs than originally reported in the 12-month period through March 2024, and what this means for the Fed.

Submit your questions to question@2questiontuesday.com

As always, if you have any questions at any time, please feel free to call your adviser directly at (845) 691-4035.