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Markets

US bond yields extend fall after May payrolls data

  NEW YORK: US Treasury yields added to their earlier drop on Friday as a smaller-than-forecast increase in dome
02 Jun 2017

 

NEW YORK: US Treasury yields added to their earlier drop on Friday as a smaller-than-forecast increase in domestic payrolls growth in May raised doubts about an acceleration in wage inflation and intensified investors' appetite for bonds.

Benchmark 10-year Treasury note yield was last 2.159 percent, down nearly 6 basis points from late on Thursday. It broke below its 200-day moving average, touching its lowest level since Nov. 10, Reuters data showed.

 

Copyright Reuters, 2017