- At 14:00 GMT, the Nonfarm Payrolls Benchmark revision is due to come out. The revisions will cover 12 months up to March of this year.
- The US Treasury is set to allocate a 20-year Bond at 17:00 GMT.
- At 18:00 GMT, the Fed will release its Minutes from July’s meeting.
- Asian equity markets are facing a bit of pressure and are in the red, which helps the US Dollar strengthen a touch. European and US equities are on the rise.
- The CME Fedwatch Tool shows a 69.5% chance of a 25 basis points (bps) interest rate cut by the Fed in September against a 30.5% chance for a 50 bps cut. Another 25 bps cut (if September is a 25 bps cut) is expected in November by 50.9%, while there is a 40.9% chance that rates will be 75 bps below the current levels and an 8.2% probability of rates being 100 basis points lower.
- The US 10-year benchmark rate trades at 3.81%, printing a fresh low for the week
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