US Equity Indexes rose today and volatility fell after the May Jobs report showed jobs growth that slightly missed the consensus expectations. The jobs number seemed to alleviate some fears of Federal Reserve tightening as US Treasury futures prices at the long end of the yield curve rose and the US Dollar fell versus most major currencies. Implied volatility in the Options on US Treasury futures fell with today’s price rally. As we often do on Friday’s the image below is a recap of what happened during the holiday-shortened first week of June.
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As always, we wish all of our In FOCUS readers a happy and safe summer weekend and we’ll see everyone back here on Monday!