Bonds Surge After Bad Jobs Report
Advertisement
The July nonfarm payrolls report just came in well below expectations.
Advertisement
162,000 nonfarm payrolls were created in July, versus Wall Street's consensus estimate of a 185,000 gain.
In the wake of the release, Treasuries are soaring, and yields are plunging.
The yield on the 10-year Treasury note is 8 basis points lower from yesterday's close at 2.63%.
The chart below shows the move in 5-year U.S. Treasury futures.
Advertisement
Thinkorswim
Advertisement
- Global stocks rally even as Sensex, Nifty fall sharply on Friday
- In second consecutive week of decline, forex kitty drops $2.28 bn to $640.33 bn
- SBI Life Q4 profit rises 4% to ₹811 crore
- IMD predicts severe heatwave conditions over East, South Peninsular India for next five days
- COVID lockdown-related school disruptions will continue to worsen students’ exam results into the 2030s: study
- JNK India IPO allotment date
- JioCinema New Plans
- Realme Narzo 70 Launched
- Apple Let Loose event
- Elon Musk Apology
- RIL cash flows
- Charlie Munger
- Feedbank IPO allotment
- Tata IPO allotment
- Most generous retirement plans
- Broadcom lays off
- Cibil Score vs Cibil Report
- Birla and Bajaj in top Richest
- Nestle Sept 2023 report
- India Equity Market