News Formal

Bonds whipsaw and world stocks flatline after contradictory jobs data

  • 📰 ReutersAfrica
  • ⏱ Reading Time:
  • 27 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 53%

Business News News

Business Business Latest News,Business Business Headlines

Government bond markets whipsawed on Friday as official U.S. jobs data indicated the robust labour market was slackening off in what appeared to be a contradiction of other employment reports.

partial figures on the U.S. labour market sent selling in bond markets into overdrive on Thursday, official U.S. nonfarm payrolls on Friday showed employers added 209,000 new hires in June, below forecasts and down from 339,000 in May.

Ten-year Treasury yields , which had risen more than 17 bps in two sessions, eased 2 bps to 4.022%. Bond yields fall as prices rise. "Its amazing just how strong labour markets have been," said Neil Birrell, chief investment officer at London-based asset manager Premier Miton. was flat ahead of U.S. cash markets opening for trade. The index remained on course to end the week 1.4% lower.The dollar index, which measures the U.S. currency against major peers, eased 0.3%, set to end the week unchanged at around 102.77.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 31. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Stocks stumble, bonds buckle as U.S. payrolls loomWorld stocks slid on Friday to cap a torrid first week of the third quarter for financial markets, with the dollar standing tall and bonds crumbling as the resilience of U.S. jobs data has investors bracing for interest rates heading higher still.
Source: ReutersAfrica - 🏆 31. / 53 Read more »