"Bond Yields Plunge Amid Economic Concerns and Weak Labor Market"
TL;DR Summary
Long-dated U.S. Treasuries are rallying, with the iShares 20+ Year Treasury Bond ETF (TLT) breaking its 2024 downtrend and surpassing its 50-day moving average, driven by weak economic data and increased expectations of a Federal Reserve rate cut in September. Other ETFs like Pimco's ZROZ have also surged. Upcoming U.S. labor market data will be crucial in shaping market expectations.
- Economic Fears Lift Bonds: TLT ETF Breaks 2024 Downtrend As September Rate Cut Hopes Surge Ahead Of Jobs Benzinga
- Stock Market Today: Dow, S&P Live Updates for June 4 Bloomberg
- Bond yields are falling. This time, it’s not being treated as good news. MarketWatch
- 10-year Treasury yield continues June slide on signs of weak labor market CNBC
- Hiring Gauge Spurs Treasury Yields to Major Two-Day Drop Yahoo Finance
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