Bond markets are little changed to start the week preceding the Fed’s last rate-setting meeting of 2025, on Dec. 10.
Futures markets price in 88% odds of a Fed cut, on the CME’s FedWatch tool.
ADP’s jobs report, due Wednesday, is expected to show hiring softening, in a WSJ consensus. September PCE inflation is due Friday, after being delayed by the government shutdown.
Treasury yields are slightly above last week’s levels, after ending November with a decline. The 10-year is at 4.059% and the two-year at 3.508%.
