Challenger Job Cuts Rise 440% In January, Fed Liquidity Shrinks, US Treasury 10Y Yield Down -3.5 BPS

Layoffs in the United States hit a more than two-year high in January as technology firms cut jobs at the second-highest pace on record to brace for a possible recession, a report showed on Thursday. The layoffs impacted 102,943 workers, a more than two-fold jump from December and an over five-times surge from a year earlier, according to the report from employment firm…