May increase in nonfarm payrolls of 280,000 further strengthens U.S. dollar and increases odds of September rate hike.

Agency cuts forecast for U.S. growth, says the dollar is overvalued, and recommends that Fed delay its first rate increase until early 2016.

Deutsche Bank strategists point out that bond investors have been turning a blind eye to how leveraged many U.S. companies are these days.

Caught in a prioritization tug-of-war between cutting costs and becoming more strategic, treasury functions mostly expect to maintain the status quo for the rest of this year.