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非农数据不及预期 美债收益率大幅下行
Xin Hua Cai Jing·2025-09-05 13:41

Group 1 - The latest data indicates a further slowdown in U.S. employment growth, which may lead the Federal Reserve to lower interest rates as planned later this month [1][3] - The U.S. non-farm payrolls increased by only 22,000 in August, with the unemployment rate rising to 4.3%, contrary to economists' expectations of a 75,000 increase [3] - Investors anticipate that the non-farm payroll report will prompt the Federal Reserve to cut rates, with a 99% probability of a rate cut expected after the September 17 meeting [3] Group 2 - U.S. Treasury yields fell significantly, with the 2-year yield dropping by 12.4 basis points to 3.468%, the 10-year yield down by 10.8 basis points to 4.068%, and the 30-year yield decreasing by 9 basis points to 4.784% [1] - European bond markets also saw declines, with the 10-year German bond yield falling by 5.7 basis points to 2.665% and the 30-year yield down by 4.2 basis points to 3.302% [4] - The U.S. Treasury plans to issue a total of $359 billion in bonds from September 8 to September 11, including various maturities [5]