The unemployment rate's slight change before the Fed's non-farm payroll report release could trigger a huge market shock.

According to ChainCatcher news and Jin10 reports, bond investors are focusing on the non-farm payroll report to be released today, as this data could affect the market's expectations for a rate cut by the Fed next month. Dan Carter of Fort Washington Investment stated that if the data is weaker than expected, the market reaction will be much larger than if it meets expectations. The ICE BofA MOVE index has risen to a two-month high. Al-Husseini of Columbia Threadneedle Investments noted that the unemployment rate will be a key indicator, and if the unemployment rate rises by 0.1 percentage points, it will be a strong signal that the economy urgently needs support.