Markets Await Key Jobs Data Amid Shutdown Concerns and Earnings Reports

Bond traders are closely watching the upcoming US jobs report to determine the likelihood of a Federal Reserve interest rate cut in October, but a potential government shutdown could delay key data releases, adding uncertainty to market expectations. The market is currently betting heavily on a rate cut, but the strength of upcoming economic data, especially employment figures, will be crucial in confirming or challenging this outlook, with implications for bond yields and investor strategies.