Lates News

The yield on US Treasury bonds in European trading sessions fell as the market eagerly awaited the delayed release of US labor market data for January on Wednesday. Prior to this, the weekly ADP private sector employment data is set to be released. Analyst Bas Kuiman from DHF Capital S.A. stated in a report that this data could further strengthen market expectations of a rate cut by the US. The asset management company pointed out, "In an environment where the resilience of the labor market is increasingly being questioned, any data that falls short of expectations could exacerbate market caution on Wednesday before the non-farm payroll report is released and put pressure on the US dollar and Treasury yields."