Momentum behind U.S. Treasury yields weakened on Thursday and a recovery rally in global stock markets stalled as investors awaited the release of key economic data.
The rate of return is 10-Year Treasury Bond The benchmark fell to 3.918% at 7:07 AM ET. Benchmark bond yields have been climbing on Tuesday and Wednesday, away from their lowest levels since June 2023.
The rate of return is 2 years The note fell about 5 basis points to 3.951%.
Yields and prices move in opposite directions, with 1 basis point equivalent to 0.01%.
Stocks appear to be retaining some of the jitters that led to the global sell-off in early August. US stocks A lower close on Wednesday helped send most Asia Pacific and European Markets were lower on Thursday.
This emotion includes uneasiness about the status quo U.S. economy and whether a recession is imminent Weak employment report.
Deutsche Bank analysts said in a note that Wednesday marked “another chaotic August day for markets as sentiment initially ran high, dovish remarks The voices of (BoJ) officials… slowly faded out throughout the day.
Jobless claims data for the week ended Aug. 3, expected to be released at 8:30 a.m. ET, will be closely watched as investors are now hungry for more guidance.
