investors await June’s big jobs report
As investors were waiting for the major job report of June, and as President Donald Trump continued to follow the progress in the expenditure bill, US treasury returns were lower on Thursday.
02:57 am meat, comparison 10 -year yield 4 basis points fell to 4.253%. The 30 -year bond return fell to 4 basis points with 4.781%. The 2 -year Treasury return was 3,772 to 2 basis points lower.
A basic point is equal to 0.01%and yields move against prices.
Investors foresees the payroll report of the Workers’ Statistics Office on Thursday, which measures the number of workers employed in the US economy.
Economists who participated in the survey by Dow Jones is waiting for the economy to add 110,000 labor last month, less than 139,000 in May. It is estimated that the unemployment rate will increase from 4.2% to 4.3% in May.
This shows that on Wednesday, the ADP payroll report decreased by 33,000 last month.
Investors also take care of a “great beautiful bill” that passes the Senate on Tuesday, and now returned home to the house where some Republican MPs are violently opposed to the bill of law. Mega expenditure bill is expected to add $ 3.3 trillion dollars to financial deficit in the next decade.
On the trade front, Trump announced that the US reached an agreement with Vietnam with 20% tariffs on imports from the country. The goods produced in another country, but transferred to Vietnam before the last shipment to the United States will face a 40%tax.
