SINGAPORE: The US 10-year Treasury yield hovered near its lowest level so far this year on Monday after weak jobs data released last week stirred worries that the economic recovery may be losing momentum.US 10-year Treasuries rose 4/32 in price to yield about 1.701 percent in Asian trade.The 10-year yield slipped about 1 basis point from late US trade on Friday and hovered within sight of Friday's low of 1.677 percent, its lowest level since last December.American employers hired at the weakest pace in nine months in March, data showed on Friday, a sign tax hikes that kicked in early this year could be stealing momentum from the economy."It seems as if both the market and the FRB will be focusing on downside risks to the economy during the April-June quarter," said Shinichiro Kadota, a strategist for Barclays in Tokyo, referring to the US Federal Reserve.Analysts say the weak jobs ...
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