US Yields Slide on Weak NFP and Geopolitical De-escalation Hopes
Treasury yields dropped as soft Nonfarm Payrolls data and expectations of an Oman-Iran deal reduced Fed tightening risks and eased energy prices.
US Treasury yields declined across the curve on Friday as investors reacted to a disappointing Nonfarm Payrolls report and growing speculation that an Oman-Iran agreement was nearing completion.
The soft jobs data eased concerns about aggressive Federal Reserve tightening, while the potential deal, which could ease tensions in the Strait of Hormuz, helped push energy prices lower.
Lower energy prices further reduced inflationary pressures, reinforcing bets that the Fed may not need to hike rates as aggressively as previously feared.
Source: FXStreet Forex News