10-year Treasury yield dives to the lowest since December after weak jobs report
Publishing timestamp: 2024-08-02 09:05:59
Summary
Weaker-than-expected jobs report causes U.S. Treasury yields to slide, leading to fears of economic growth slowing. Investors concerned about possible recession and are now pricing in a higher likelihood of a rate cut in September.
Sentiment: NEGATIVE
Keywords: u.s. 10 year treasury, prices, united states, labor economy, treasury notes, medium term notes, government debt, economic events, u.s. 2 year treasury, u.s. economy, treasury bills, bonds, breaking news: markets, business news, markets, u.s. treasury bonds,
Source: https://www.cnbc.com/2024/08/02/us-treasurys-ahead-of-july-jobs-reports.html