US Treasury yields fell during trading today (Thursday) following data showing weakness in the US labor market.
The benchmark 10-year bond yield fell 4.6 basis points to 4.232%.
The yield on two-year Treasuries, the most sensitive to interest rate changes, fell 5.5 basis points to 3.504%, while the yield on 30-year Treasuries fell 2.9 percentage points to 4.886%.
In addition to a sharp increase in layoffs in the United States in January, the number of unemployment claims rose more than expected in January, data released today revealed.
US Treasury yields fell during trading today (Thursday) as data revealed weakness in the US labor market.
The benchmark 10-year bond yield fell by 4.6 basis points to 4.232%.
Meanwhile, the two-year bond yield, which is sensitive to interest rate fluctuations, fell 5.5 basis points to 3.504%, and the 30-year bond yield fell 2.9 basis points to 4.886%.
Data released today showed a sharp increase in layoffs in the United States during January, as well as a faster-than-expected increase in unemployment claims.
