Yields on U.K. government bonds, or gilts, turn lower along with U.S. Treasury yields after weaker-than-expected U.S. non-farm payrolls data. The data reduce the prospects of the U.S. Federal Reserve raising interest rates in the near term. The U.S. added 57,000 jobs in June, significantly less than the consensus forecast of 115,000 new jobs by economists in a WSJ poll. Ten-year gilt yields last trade at 4.791% following the data, from 4.816% beforehand, albeit still up around 3 basis points on the day, Tradeweb data show. (miriam.mukuru@wsj.com)
Dow Jones Newswires
Gilt Yields Trim Rise After U.S. Jobs Data — Market Talk
Yields on U.K. government bonds, or gilts, turn lower along with U.S. Treasury yields after weaker-than-expected U.S. non-farm payrolls data. The data reduce the prospects of the U.S. Federal Reserve raising interest rates in the near term. The U.S. added 57,000 jobs in June, significantly less tha…