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2025-08-01 14:05:47
[Long-term U.S. Treasury yields rise as the market awaits employment data] During the Asian trading session, long-term U.S. Treasury yields rose slightly as the market awaited the U.S. non-farm payroll data, which is an important reference for assessing the prospects for interest rate cuts. Analysts surveyed by The Wall Street Journal predicted 100,000 new jobs, compared to 147,000 in June. "If the labor market weakens slightly as widely expected, it will still be consistent with our soft landing outlook," said BeiChenLin of Russell Investments in a report. The senior investment strategist said the breadth of new jobs will be a key point to look at. He said that in recent months, new jobs have begun to be more concentrated in understaffed areas such as healthcare, and the improvement in the breadth of new jobs may provide some assurance of economic resilience. According to Tradeweb data, the 10-year U.S. Treasury yield rose 1.6 basis points to 4.374%
