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US bond yields fall after September jobs report shows hiring slowdown
US bond yields moved lower after the US economy added far fewer jobs than expected in September, highlighting a slowdown in hiring, according to the Guardian Business live coverage.
The outlet said nonfarm payroll employment rose by 29,000 last month, a weaker result than investors had anticipated.
In the same coverage stream, the Guardian Business also noted other macro developments, including UK diesel reaching a record high of £2 a litre and eurozone inflation climbing to 3.8%, with core inflation excluding energy, food, alcohol and tobacco rising to 2.5% in September from 2.4% in August.
That backdrop accompanied reports that the global bond market was steadying as markets digested the weaker US labor data.