Long-term U.S. Treasury yields hold steady ahead of jobs data

Odaily Planet Daily News: The 10-year U.S. Treasury yield remained stable as the market was cautious about U.S. employment data, which could provide hints about the outlook for interest rates. The Federal Reserve recently confirmed that it is not in a hurry to cut interest rates further, although it left the door open for further cuts. Strong employment data will encourage the view that there is little room for further rate cuts, or perhaps even no room. DHF Capital S.A. said that, on the contrary, weak economic data could increase the likelihood of rate cuts, thereby suppressing U.S. Treasury yields and the dollar. The market continues to expect the Federal Reserve to cut interest rates by 25 basis points twice this year. The 10-year Treasury yield stabilized at 4.438%. (Jinshi)