Treasury Yields Edge Lower After Friday's Weak Jobs Data

Dow Jones08-10 14:40

0640 GMT - U.S. Treasury yields fall slightly after Friday's nonfarm payrolls data came in well below expectations, dampening prospects of the Federal Reserve raising interest rates in September. "Friday's surprisingly negative nonfarm payrolls figure is still sinking in," Commerzbank's Hauke Siemssen says in a note. U.S. money markets are now pricing a below-50% chance of the Federal Reserve raising rates in September, with focus turning to U.S. inflation data on Wednesday. Moves are limited, however, due to continued uncertainty surrounding U.S.-Iran talks to reopen the Strait of Hormuz. Bond markets "remains jittery" as a result, Siemssen says. The ten-year Treasury yield falls 0.8 basis points to 4.650%, Tradeweb data show.

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