U.S. Treasury yields stabilize as non-farm data becomes a key indicator

The US Treasury yield fell sharply on Wednesday due to weak economic data, but is currently stabilizing. The 2-year, 10-year, and 30-year US Treasury yields are holding steady at 3.879%, 4.367%, and 4.890% respectively. The unexpected ADP employment report pushed the 2-year and 10-year Treasury yields down by 8 basis points and 9.5 basis points on Wednesday, increasing the focus on Friday's non-farm payroll data. Metzler analysts Leon Ferdinand Bost and Uwe Hohmann stated that more signs of weakness in the employment market are needed before the Fed cuts interest rates.