NEW YORK / LONDON (IT BOLTWISE) – 10-year U.S. Treasury yields have fallen following a report of a significant increase in layoffs in October. This development shows the ongoing challenges in the labor market and investors’ reactions to economic uncertainties. At the same time, discussions about Trump’s tariffs before the Supreme Court are affecting markets.
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10-year U.S. Treasury yields fell on Thursday following a report of a significant increase in layoffs in October. This development reflects ongoing labor market challenges, which have prompted investors to adjust their portfolios. The yield on the 10-year note fell more than 6 basis points to 4.089%, while the yield on the 2-year note fell to 3.564%. The yield on the 30-year bond also fell by more than 4 basis points to 4.687%.
The report from Challenger, Gray & Christmas showed that layoffs rose to 153,074 in October, nearly tripling compared to September. This is the highest level for October since 2003 and marks a year that has seen the worst layoff numbers since 2009. These numbers highlight the uncertainties facing the labor market and the potential impact on the economy.
In addition to the labor market data, bond investors reacted to the Supreme Court hearings on Trump’s tariffs. The judges expressed doubts about the legality of the tariffs imposed on most major trading partners. These uncertainties contribute to volatility in markets as investors weigh the potential impact on international trade and the economy.
The market is also watching the ongoing government shutdown in the US, which is the longest in the country’s history. Political tensions between Democrats and Republicans are making it difficult to find a compromise to end the deadlock. These factors contribute to an uncertain economic environment that influences investors’ decisions.
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