US Treasuries Rally as Soft Jobs Data Trims Fed Rate-Hike Bets

US Treasuries rallied following data showing unexpected job cuts in July, indicating labor market challenges that may influence the Federal Reserve's decisions on interest rates. Simultaneously, US stocks are positioned for a higher open, with tech stocks benefiting from eased rate-hike bets. While the payroll decline suggests a potential shift in Fed policy, it also highlights ongoing economic uncertainty and policy challenges currently facing the market as investors react to the latest employment figures.