May Payrolls Lock Zero-Cuts Market at 82.1% as Profit-Takers Ease the Peak
The no-cuts contract holds at 82.1% as of 11:50 UTC Saturday — up 12.85pp from Friday's session open — after May payrolls doubled consensus at 172,000 new jobs.
The "no Fed rate cuts in 2026" contract holds at 82.1% as of 11:50 UTC Saturday, having surged 12.85 percentage points from its 69.25% session open on Friday after May nonfarm payrolls printed 172,000 new jobs — more than double the consensus estimate of 85,000. The contract peaked at 0.8305 before easing as profit-takers trimmed exposure through the Saturday morning session.
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78¢implied▲+0.4 ptsFiled June 7, 2026
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