The US bond market hit an inverted yield curve today following the US released lower-than-expected job numbers. Short-term bond yields rebounded above long-term bonds. which indicates the trend of an economic recession
At 8:40 p.m. Thai time, the yield on the three-year US government bonds rose to 2.626%, while the 5-year government bond yield rebounded to 2.576 percent, with the yield of such bonds high. than the 10-year bond, which stood at 2.448%, while the 30-year bond stood at 2.536%.
Previously, a spike in yields on 5-year US Treasury bonds above 30 years occurred in 2006, just a few years before the global financial crisis hit.
The US Department of Labor has also revised employment numbers in January. It was adjusted to an increase of 504,000 from previously reported an increase of 481,000 and adjusted the number of jobs in February. The increase increased to 750,000 from the previously reported 678,000.
The Labor Department said the private sector added 426,000 jobs, while the government added 5,000.
Meanwhile, the average hourly wage for workers rose 0.4%, in line with analysts’ forecasts.
As for the number of US labor market entry rates This shows the proportion of the labor force to the total population at 62.4%.
