Rates Spark: US Treasuries turn tail and dive for safety | Metals Mine

  • Rates Spark: US Treasuries turn tail and dive for safety

    From think.ing.com

    Quite the reaction to some weak labour market data out of the US on Thursday. In fact, one could argue, quite the overreaction. The Challenger job cuts were high, and the reference to it being the highest January number since 2009 set off alarm bells for sure. But we did see a higher number in October 2025, and these data are quite volatile. Lower yields were, of course, the correct reaction. And the extent of the reaction was amplified by the subsequent JOLTS data, which saw a bigger-than-expected fall in job openings. There are still some 6.5m job openings. But that's down from 7.2m. And jobless claims were up, ... (full story)

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    From @FirstSquawk|Feb 5, 2026

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    December JOLTS: Slide in Openings Signals Labor Demand Remains Weak

    From wellsfargo.bluematrix.com|Feb 5, 2026

    The December JOLTS report underscored the labor market remains in a precarious position. Job openings fell to 6.5 million and are down around 10% over the past year. The ongoing ...

    Bullock: Opening Statement to the House of Representatives Standing Committee on Economics

    From rba.gov.au|Feb 5, 2026

    Good morning, Chair and members of the Committee. My colleagues and I are pleased to be here today to answer your questions. These hearings are an important part of the accountability process for the Reserve Bank. As you know, our mission is to promote the economic prosperity and welfare of the Australian people, now and into the future. We do this by conducting monetary policy with the aim of maintaining low and stable inflation and full employment, and we also support the stability of the financial system. But our responsibilities go beyond this – we work to support a reliable, efficient and competitive payments system, deliver efficient and effective banking services to Australian government agencies and provide secure and reliable banknotes. Since we last met with the Committee, the Monetary Policy Board judged that it was appropriate to tighten monetary policy to help to return inflation to target. I will start with some background to this decision and the outlook for the Australian economy. I’ll then make some remarks on the payments system and cash distribution. And I’ll finish off with an update on our progress towards achieving the objectives of the RBA Review. RBA Governor Bullock said the board will stay data-dependent as inflation risks remain persistent, the labour market is still tight, capacity constraints are being assessed, and global conditions could shift quickly.

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