Cooling jobs ignite rate cut talks
August’s weak jobs report, with only 22,000 new hires, has sparked fresh optimism for a Fed rate cut in mid-September. The lackluster data, combined with a slowing labor market, has investors betting that the Fed will act and cut rates by 25 basis points. As the job market cools, all eyes are on the Fed’s next move.
Regional markets
In regional sovereign Eurobond markets yields fluctuated over the month. Yield on Georgia’s Eurobond increased slightly to 6.28% (+6bps m/m). Contrary, Turkey’s yield fell to 4.52% (-48bps m/m). Kazakhstan’s sovereign Eurobond matured over July.
Georgian market
August 2025 was calm in new local bonds issuances, but September is set to be a busy month with 3 large transactions taking place.
