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2025-08-01 14:22:35
[U.S. non-farm payroll data is expected to set the tone for the U.S. Treasury market] Jens Peter Sorensen of Danske Bank said in a report that the U.S. non-farm payroll data for July will set the tone for the U.S. Treasury market next week. The chief analyst said that if the labor market report is weak, it will put the Federal Reserve under greater pressure to cut interest rates in September, although Thursday's PCE inflation data was slightly higher than expected. PCE inflation is an inflation indicator valued by the Federal Reserve. Sorensen said that this slightly higher-than-expected PCE data shows "how difficult it is to get inflation below 2% or close to 2%." Data from Tradeweb showed that the yield on the 2-year U.S. Treasury bond was flat at 3.950%, while the yield on the 10-year U.S. Treasury bond rose 2 basis points to 4.381%
