Entity: US Treasury Yield Decline, Market Focus on Upcoming US Non-Farm Payrolls Report

BlockBeats News, February 10th, during the European trading session, the US Treasury yield fell, with the market particularly focused on the US January labor market data, which is set to be released on Wednesday. Prior to this, the weekly ADP private sector employment data is about to be published.

In a report, DHF Capital S.A. analyst Bas Kuipers stated that this data may further strengthen the market's expectations of a US rate cut. The asset management company pointed out: "In an environment where the resilience of the labor market is increasingly being questioned, any data below expectations could exacerbate market caution ahead of the non-farm payroll report on Wednesday and put pressure on the US dollar and Treasury yields." (FXStreet)