[Nonfarm Payroll Data May Become Key Factor for Fed's December Decision] Bond investors are focusing on today's release of the nonfarm payroll report, which will be the only official major employment data before the Federal Reserve's final meeting of the year and may influence market expectations for a December rate cut by the Fed. Dan Carter, senior portfolio manager at Fort Washington Investment, stated that if the data comes in weaker than expected, the market reaction could be more dramatic. The ICE BofA MOVE Index has already risen to a two-month high ahead of the report's release. Al-Husseini, portfolio manager at Columbia Threadneedle Investments, pointed out that due to tighter immigration policies reducing labor supply, the unemployment rate has become a key indicator. If the unemployment rate rises by 0.1 percentage points, it would signal that the economy needs support.