U.S. treasury futures rising, U.S. dollar weakening, and the employment outlook in the United States is bleak.

After the release of employment data by ADP Research showing a slowdown in the US labor market, US Treasury futures surged and the dollar index fell. The US 10-year Treasury futures rose, indicating that the corresponding yield will drop by four basis points, compared to 4.12% at Monday's close. Tuesday coincided with Veterans Day holiday, so the US spot bond market was closed. Following the release of the US employment report, UK bonds continued to rise, pushing the 10-year yield down by 9 basis points to 4.38%, close to the lowest level of the year. Earlier, the UK's employment data, which did not meet expectations, had already driven yields down and stimulated market bets that the Bank of England would accelerate interest rate cuts.