After Friday’s lackluster Jobs Report showed that only 151,000 jobs were created last month–and 60% of them are low paying–most investors are putting the odds of a rate hike this month at only 33%. Bloomberg says 55%, and “go big or go home” CME group shows a 82% chance of a .25% bump from the Fed.
This morning the ISM Services Index–measuring the health of various service relates industries–came in at 51.4, which is 7.4% lower than market expectations. Bond pricing is attempting to break out of the slow downward slide its been in for over a month.
