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Live updates: bitcoin falls below $62,000 ahead of jobs data as Zcash bug rocks crypto
Key takeaways
- More sensitive to the Fed's monetary policy, the two-year yield has jumped 7 basis points to 4.12%, with the odds of one or more rate hikes by the end of the year rising to about 80%.
- In addition to May's jobs adds of 172,000, April and March had combined revisions higher of 93,000.
- Already under some pressure, U.S. stock indices slipped further as the idea of imminent rate hikes gained momentum.
More sensitive to the Fed's monetary policy, the two-year yield has jumped 7 basis points to 4.12%, with the odds of one or more rate hikes by the end of the year rising to about 80%.
In addition to May's jobs adds of 172,000, April and March had combined revisions higher of 93,000. Over the last three months, now, the U.S. has added 565,000 jobs.
Already under some pressure, U.S. stock indices slipped further as the idea of imminent rate hikes gained momentum. Nasdaq futures are lower by 1.3% and the S&P 500 is down 0.6%.
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