The 10-year Treasury yield fell on Wednesday after new data showed U.S. employment unexpectedly slowed in November.
Government bonds have fallen sharply in recent days, with yields recently hitting their lowest level since August. This is a sharp reversal from the fall, when a painful bond crash pushed yields closer to 5% for the first time in 16 years.
Signs of a cooling job market have investors increasingly betting the Federal Reserve will cut interest rates next year. Investors will next analyze the monthly jobs report, due out on Friday.
US stocks It ended the day near the session low. The Nasdaq fell 0.6% and the S&P fell 0.4%. The Dow Jones Industrial Average fell 0.2% (about 70 points).
Government bond yields have fallen. The yield on the 10-year Treasury note settled at 4.121%, the lowest level since August.
Bitcoin was just under $44,000is still near its highest since early 2022, but with renewed expectations that an exchange-traded fund based on actual Bitcoin will soon appear.
Increase in number of home builders. Lennar stock closed at an all-time high.
Oil prices have fallen. Brent crude oil, the world benchmark, fell about 4%. US crude oil ended below $70.
British American Tobacco stock falls A drop in shares in London pushed the FTSE 100 index lower after the company announced it would take a $31.5 billion impairment charge. Most other European indexes rose.
Asian stocks rise. Japan’s Nikkei Stock Average rose 2%. Mainland China’s CSI 300 and Hong Kong’s Hang Seng Index rose.