A motorcyclist is reflected in a window as electronic boards display stock information at the Australian Securities Exchange in Sydney on January 11, 2019. Photographer: Lisa Maree Williams/Bloomberg
The rally in bonds around the globe gained further traction, with soft economic readings in both the United States and Europe fueling speculation that major central banks will cut rates in the year to come.
Just two days ahead of the U.S. jobs report, ADP data showed the gradual cooling in the labor market that the Fed would like to see. Private payrolls increased 103,000 last month, trailing estimates and giving further credence to Wall Street's dovish bid. Germany's factory orders unexpectedly fell—highlighting how manufacturing in Europe's largest economy remains stuck in a rut.
Complete your profile to continue reading and get FREE access to Treasury & Risk, part of your ALM digital membership.
Your access to unlimited Treasury & Risk content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Thought leadership on regulatory changes, economic trends, corporate success stories, and tactical solutions for treasurers, CFOs, risk managers, controllers, and other finance professionals
- Informative weekly newsletter featuring news, analysis, real-world case studies, and other critical content
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the employee benefits and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
