U.S. Government Reopening Stabilizes Treasury Yields Amid Economic Concerns

According to Odaily, U.S. Treasury yields stabilized during mid-morning trading in Europe following news of the impending reopening of the U.S. government, despite prevailing cautious sentiment. Eric Chia from Exness noted in a report that the market remains wary, with attention shifting to upcoming economic data releases, which may indicate a weakening labor market and overall demand. The financial market strategist attributed this unease to a weak ADP report earlier in the week, which revealed that the U.S. private sector laid off an average of 11,250 jobs per week over the four weeks ending in late October.