US Treasury yields rebounded today. After the release of the US non-farm employment numbers increased more than expected.
At 7:50 PM ET, the US 10-year government bond yield rebounded to 0.539%, while the 30-year government bond yield rose to 1.203% after the initial fall.
Bond prices and bond yields move in opposite directions.
The US Department of Labor reported. Nonfarm payrolls increased by 1.763 million in July. It was higher than analysts had expected at 1.48 million positions.
The unemployment rate fell to 10.2 percent, well below 11.1 percent in June and below analysts’ estimate of 10.6 percent.
Meanwhile, the market has watched talks between Congress and the White House on a new round of stimulus.
The Republican Senate Majority Leader Mitch McConnell said he expected an agreement to reach a remedy for those affected by the coronavirus outbreak. Vid-19 is coming soon.
Mr McConnell said: Democrats and Republicans are both demanding to boost the economy hit by the coronavirus outbreak.
“I can't tell when the deal will come. But I think it will come in the near future, ”said McConnell.