Before the release of the Federal Reserve's non-farm payroll report, a slight change in the unemployment rate may trigger a market upheaval

According to Jin Ten, bond investors are focusing on the non-farm payroll report to be released today, as this data may affect the market's expectations for a rate cut by the Federal Reserve next month. Dan Carter from Fort Washington Investment stated that if the data is weaker than expected, the market reaction will be much larger than if it meets expectations. The ICE BofA MOVE Index has risen to a two-month high. Al-Husseini from Columbia Threadneedle Investments pointed out that the unemployment rate will be a key indicator; if the unemployment rate rises by 0.1 percentage points, it will be a strong signal that the economy urgently needs support.