US Treasury yields slide after monthly jobs data

The US Treasury yields fell during Thursday’s trading session as investors weighed in the September jobs report, which indicated that the US labor market remains resilient.
 

The yield on the 2-year notes — the most sensitive to changes in monetary policy — dropped by 3 basis points to 3.568% as of 5:02 p.m. Makkah time.
 

The 10-year yield also declined by 1.2 bps to 4.119%, while the 30-year yield remained stable at 4.747%.
 

Data released by the Bureau of Labor Statistics on Thursday showed that the US economy added 119,000 jobs in September, exceeding expectations of 50,000.
 

This data ends a period of uncertainty regarding the outlook for the US labor market, after the report’s release had been suspended due to the longest government shutdown in US history.