U.S. Treasuries trading slows, jobs data confusing 😵💫
Between Monday and Wednesday, the scale of corporate bond issuance reached US$55 billion. Yesterday, new bond issuance temporarily slowed down, causing U.S. bond trading volume to drop to about 60% of normal levels. The 2-year yield was also affected by some bargain hunting. fell back below 5%; On the U.S. economic data front, employment data remained confusing, with weekly jobless claims falling to 216,000, the lowest level since February, while Walmart announced it would cut sales due to concerns about rising costs. Starting salaries for some new employees. On the other hand, the Atlanta Fed's wage growth indicator slowed to 5.3% year-on-year from 5.7% last month, and the data narrowed the gap between those who changed jobs and those who did not, indicating tightness. The job market continues to slow.
