Market Snapshot: U.S. 10 Year Yields Drop Following Jobs Report

Yields on 10-year U.S. Treasury bonds dropped today following the release of the jobs report, according to data from Tradeweb.

The bid yield on the 10-year U.S. Treasury was 2.137% as of 11:22 AM EST, down 2.9 bps from yesterday’s close of 2.168%. Today’s intraday low was 2.119%, while the high was 2.167%. 

The bid yield on the 3-month U.S. Treasury was 0.036% as of 11:22 AM EST, up 1.6 bps from yesterday’s close of 0.020%. The intraday high for today was 0.036%, while the intraday low was 0.020%. 

The bid yield on the 6-month U.S. Treasury was 0.252% as of 11:22 AM EST, up 1.5 bps from yesterday’s close of 0.237%. The intraday low for today was 0.234%, while the intraday high was .252%. 

This movement follows the release of August’s jobs report, which came in lower-than-expected at 173,000 compared to the consensus expectation of 220,000 new jobs. 

In Europe, the bid yield on the 10-year German Bund was 0.665% as of 11:22 AM EST, down 7.1 bps from yesterday’s close of 0.736%. Today’s intraday low was 0.406%, while the intraday high was 0.733%. This follows Thursday’s ECB meeting where Mario Draghi indicated it would pursue additional monetary stimulus if the bank felt it was warranted. 

CHART 1: U.S. 10-Year Treasury Yields – September 5, 2014 – September 4, 2015 (12 Month View)

CHART 2: U.S. 3-Month Treasury Yields – September 5, 2014 – September 4, 2015 (12 Month View)

CHART 3: U.S. 6-Month Treasury Yields – September 5, 2014 – September 4, 2015 (12 Month View)

CHART 4: German 10-Year Bund Yields – September 5, 2014 – September 4, 2015 (12 Month View)