8/4, 5:07 PM (Source: TeleTrader)
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US Treasury yields drop after labor market figures

Nearly all United States Treasury yields were down on Friday after the July jobs numbers pointed to a weaker-than-estimated increase in nonfarm employment in the country.

The US Bureau of Labor Statistics also revised June figures downward, apparently strengthening belief among traders that the Federal Reserve could refrain from additional rate hikes before the end of the year amid potential progress towards the central bank's goal of restoring balance in the labor market.

The return on the 10-year Treasury note dropped by 8.5 basis points to 4.104% at 11:05 am ET. The yield on the two-year note declined 7.8 basis points to 4.818% at the same time. The return on the 30-year bond was down six basis points to 4.244% at 11:06 am ET.

Baha Breaking News (BBN) / MS