US Yields Still Drifting Below 1.50% Ahead of NFP

Despite the dollar’s continued sustained strength over the past few days, bonds have fallen in line with 10-year Treasury yields staying below 1.50%.

The next bond movement will be led by the employment data expected to be released today.

There is a good argument that if the employment data comes out strong, it will lead to higher yields but with less risk appetite, economists expect the release to be a non-event.