From Nasdaq: 2025-06-04 15:22:00

Treasuries made a strong comeback on Wednesday, with bond prices surging and the yield on the ten-year note dropping 9.5 basis points to 4.365 percent, its lowest level in almost a month. This rise was attributed to weaker than expected U.S. economic data, including a report from ADP showing only 37,000 private sector job gains in May, well below the expected 115,000. President Trump took to Truth Social to criticize Federal Reserve Chair Jerome Powell and called for lower interest rates. Additionally, the Institute for Supply Management reported a slight contraction in service sector activity, with the services PMI falling to 49.9 in May. Looking ahead, weekly jobless claims and the U.S. trade deficit reports are expected to be in focus on Thursday.



Read more at Nasdaq: Treasuries Move Sharply Higher Following Weaker Than Expected Economic Data