Zero-Cuts Stays at 80.95% as Payrolls Conviction Spreads Across Tape
The zero-cuts-in-2026 contract holds at 80.95% as of 04:25 UTC Sunday, up 3.9pp from the session open after May's 172,000-job payrolls blowout.
The zero-cuts-in-2026 contract sits at 80.95% as of 04:25 UTC Sunday — up 3.9 percentage points from a 77.05% session open twenty-four hours prior — after May's nonfarm payrolls clocked 172,000 jobs against an 80,000-job consensus, all but eliminating the case for Fed easing through December. The contract briefly peaked at 83.05% intraday before sellers walked it back to the current hold.
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