17 Hrs
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الاقتصادية
10-year U.S. Treasury yield drops to 5.175%
The yield on 10-year US Treasury bonds declined to 5.175% after surpassing its weekly peak of over 5.34%. This was due to a surprising weak US jobs report showing a gain of fewer than expected jobs (29,000 jobs in September) and the unemployment rate rising to 4.2%. This decline reduces the expectations of a Federal Reserve interest rate hike in October, reflecting a slowing labor market and easing inflation concerns, along with the impact of falling oil prices, which has improved economic outlooks.
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