Treasury Yields Slide as Tariffs and Jobs Data Loom
15:42 ET - The markets continue to exhibit a cautious sentiment, favoring the security offered by U.S. Treasury bonds as anticipation builds up before President Trump's significant tariffs announcement. At this moment, uncertainty reigns supreme. "Given how unpredictable this situation is, it's challenging to devise a strategy regarding these new tariffs; hence, we suggest waiting and observing," state analysts at LPL Financial. This major tariffs statement is anticipated later today. Prior to that, figures from ADP are projected to show an uptick in private-sector employment last month, rising to approximately 120,000 from July's figure of 77,000, based on estimates gathered by the Wall Street Journal. Weak manufacturing indices have further influenced bond yields downwards. Consequently, the yield on the ten-year treasury has decreased by 0.089 percentage points to stand at 4.156%, marking its lowest level since early December. Similarly, the yield on the two-...