Jun 5, 2025 4:04 PM IST
US Stock Market Live: US Treasury Yields Hold Steady After Sharp Drop on Weak Economic Data
US Treasury yields remained largely unchanged on Thursday after falling sharply the previous day due to weaker-than-expected economic indicators. The 2-year and 10-year yields each rose by less than one basis point, while the 30-year yield was flat at 4.89%.
Wednesday’s decline followed data showing a surprise contraction in the services sector in May, with activity falling to 49.9%, below the 52.1% forecast. Additionally, private sector payrolls rose by just 37,000 in May, far below the expected 110,000, raising concerns about a cooling labour market.
Investors are now awaiting US trade data and jobless claims later on Thursday, with May’s non-farm payrolls and unemployment rate due Friday.