1540 ET - Tariff shock drives yields to new 2025 lows, back to October levels, as investors seek save havens amid recession fears and uncertainty about how trade wars will impact the global economy. U.S. labor indicators today showed some signs of poor hiring and looming layoffs. March payrolls tomorrow are forecast to print 140,000, down from February's 151,000, according to a WSJ survey. Fed's Powell is expected to address tariffs' impact in a talk tomorrow. The 10-year yield falls 0.142 percentage point to 4.054%, its largest one-day loss since November. The two-year drops 0.181 p.p. to 3.724%, its largest daily decline since August. (paulo.trevisani@wsj.com; @ptrevisani)
(END) Dow Jones Newswires
April 03, 2025 15:40 ET (19:40 GMT)
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