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Bonds whipsaw and world stocks flatline after contradictory jobs data

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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.

 

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 /  🏆 31. in PT

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