ROYAL BANK OF CANADA: US unemployment rate rising to 4.2% will exacerbate negative sentiment
On Thursday, two reports from the United States highlighted signs of economic weakness. This led to a sell-off in the market, with the yield on the 10-year US Treasury falling to its lowest level since February. Another concern for investors is that if the July non-farm payroll report shows an increase in the unemployment rate to 4.2%, it may trigger the "Sam Rule". Blake Gwinn, Capital Markets US Interest Rate Strategist at Royal Bank of Canada, warned that such an event could exacerbate negative sentiment, leading to the market quickly digesting the increased possibility of a hard landing for the US economy
On August 2nd, Jinshi Data reported that on Thursday, two reports from the United States highlighted signs of economic softening. This led to market sell-offs, with the yield on the 10-year US Treasury falling to its lowest level since February this year. Another concern for investors is that if the July non-farm employment report shows the unemployment rate rising to 4.2%, it may trigger the "Sam Rule". Blake Gwin, head of capital markets US interest rate strategy at Royal Bank of Canada, warned that such an event could exacerbate negative sentiment, leading to the market quickly digesting the increased possibility of a hard landing for the US economy