“Sinking Treasury yields signal growing jitters about ‘everything’ ahead of Friday jobs report”
August 5, 2024
“…Thursday’s post-data rally in Treasurys sent yields plunging on everything from the 1-month T-bill BX:TMUBMUSD01M through the 30-year bond BX:TMUBMUSD30Y. The policy-sensitive 2-year rate BX:TMUBMUSD02Y dropped 17.4 basis points, or the most in a single session all year, to 4.163%. The 30-year yield fell 10 basis points to 4.27% and the benchmark 10-year rate finished down by 13.1 basis points at 3.977%, after touching a session low of 3.96%…”