Long-term U.S. Treasury yields hold steady ahead of jobs data
the yield on 10-year US Treasury bonds remains steady as the market remains cautious about US employment data, which may provide hints about interest rate prospects. The Federal Reserve recently confirmed that it is not in a hurry to further cut interest rates, although it has opened the door for further cuts. Strong employment data will encourage people to believe that there is little room for further interest rate cuts, or even none at all. DHF Capital S.A. said that weak economic data could increase the possibility of interest rate cuts, thereby suppressing US Treasury yields and the US dollar. The market continues to expect the Federal Reserve to cut interest rates twice by 25 basis points this year. The yield on 10-year Treasury bonds remains steady at 4.438%.
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