美国就业数据暴跌！9月降息概率升至84%，美债收益率单日跌25基点

Core Viewpoint - The recent weak U.S. non-farm payroll report has raised doubts about the momentum of U.S. economic growth, leading to a resurgence in interest rate cut expectations and a significant rise in U.S. Treasury prices [1] Group 1: Economic Indicators - The probability of a rate cut by the Federal Reserve in September has increased to 84%, with a growing likelihood of a 50 basis point cut [1] - The employment data has disrupted market calm, indicating that "bad news is bad news" has returned to the trading framework [1] Group 2: Market Reactions - A steepening bull market in U.S. Treasuries is underway, with short-term yields dropping significantly due to rate cut expectations [1] - The 2-year Treasury yield fell by over 25 basis points in a single day, while long-term Treasuries also showed a general recovery as investors repositioned their portfolios [1] Group 3: Future Projections - The market is re-evaluating the potential for multiple rate cuts by the Federal Reserve before the end of the year [1] - A large volume of Treasury issuance is expected this week, which may support the steepening of the yield curve [1]