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2025-08-01 23:46:11
[Non-farm payroll data boosts market expectations of rate cuts, U.S. Treasury yields fall] U.S. data showed that the pace of job growth was much lower than previously reported, and the month-long increase in yields was wiped out. The 10-year U.S. Treasury bond yield was 4.258%, and the 2-year U.S. Treasury bond yield was 3.764%, falling back to the level of early July. In addition to announcing that 73,000 new jobs were created in July, which was not ideal, the U.S. Bureau of Labor Statistics (BLS) also lowered the new jobs created in May and June by a total of 258,000. The Federal Reserve will also release a non-farm payroll report before its September meeting, but today's data boosted market expectations of rate cuts, causing U.S. Treasury yields to fall. (Dow Jones)
