The yield on the 10-year US Treasury note edged down to around 4.26% on Thursday, halting a two-day rebound as investors turned cautious ahead of the closely watched June jobs report. A weaker-than-expected reading could strengthen the case for an earlier rate cut from the Federal Reserve, possibly as soon as July. Fueling those expectations, ADP data released Wednesday showed an unexpected decline of 33,000 in private-sector employment for June, raising fresh concerns about labor market softness. On the trade front, President Donald Trump announced a new agreement with Vietnam that includes a 20% tariff on imports—down from the previously planned 46%—sparking hopes for additional bilateral deals. Meanwhile, Trump’s proposed tax-and-spending bill, estimated to add $3.3 trillion to the national debt, faced pushback in the House of Representatives, adding another layer of fiscal uncertainty.
Manage Consent
Functional Always active
The technical storage or access is strictly necessary for the legitimate purpose of enabling the use of a specific service explicitly requested by the subscriber or user, or for the sole purpose of carrying out the transmission of a communication over an electronic communications network.
Preferences
The technical storage or access is necessary for the legitimate purpose of storing preferences that are not requested by the subscriber or user.
Statistics
The technical storage or access that is used exclusively for statistical purposes.
The technical storage or access that is used exclusively for anonymous statistical purposes. Without a subpoena, voluntary compliance on the part of your Internet Service Provider, or additional records from a third party, information stored or retrieved for this purpose alone cannot usually be used to identify you.
Marketing
The technical storage or access is required to create user profiles to send advertising, or to track the user on a website or across several websites for similar marketing purposes.