Forex
US Yields Drop Amid Disappointing Jobs Report
The recent Non-Farm Payrolls announcement has had a significant impact on US markets. The employment data came in lower than expected, with only 29,000 jobs added instead of the anticipated 90,000.
This unexpected news sent yields in the US lower, specifically the US 2-Year Yield, which is currently pulling back toward 4.735%.
The drop in yields has major implications for various markets and assets, as it could influence the Federal Reserve's decision to raise rates.