US 10-Year Yield Falls Back Toward 4% Amid More Weak Jobs Data

Treasury yields edged lower, with the 10-year nearing 4%, as data affirming labor-market weakness and remarks from Federal Reserve Governor Stephen Miran bolstered expectations for an interest-rate cut next month. Miran reiterated his view that the US economy needs large rate cuts. Also, Treasury Secretary Scott Bessent said the US government shutdown...