Treasury yields fall after jobs report

U.S. Treasury yields declined after July employment data showed the market lost around 23,000 jobs, an unexpected downturn that raised concerns about the strength of the labor market. As a result, the yield on 10-year bonds fell to 4.651%, and the two-year bond yield dropped to 4.204%, their lowest levels since mid-July. Traders shifted their expectations regarding the likelihood of interest rate hikes in the September and October meetings, amid ongoing rising inflation and a decline in the labor force participation rate to its lowest level in over five years.

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