- Following the revelation that the labor market was colder than expected in the employment statistics, the yield on 10-year US Treasury bonds fell by a maximum of 16 bps on Friday to 4.5%.
- The growth of non-farm payrolls was below expectations, the unemployment rate rose slightly, and the wage growth rate was slightly lower than expected, leading to a stronger belief that the FRB will carry out rate hikes.
- The benchmark 10-year bond yield fell by about 30 bps this week, hitting the lowest level since late September and significantly below the highest level of 5% in 2007 reached last month.
- The Federal Reserve Board (FRB) kept the fund interest rate unchanged as expected on Wednesday, but drew attention to the recent rise in yields and suggested that the rate hike is over. In addition, the Ministry of Finance announced the sale of $112 billion in long-term bonds and bonds, falling below the expected $114 billion, which also contributed to the decline in yields.
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
Read more