(Reuters) – U.S. yields and the dollar fall as New York Stock Exchange stock index futures extend gains after a weaker-than-expected April jobs report , which raises hopes that the Federal Reserve will ease its rates in 2024.
At 12:35 GMT, the yield on the ten-year US Treasury bond fell by 9.8 basis points, to 4.473%, and touched its lowest since April 10, while the two-year plunged by 13 basis points to move at 4.7472%.
They stood at 4.5527% and 4.8641% respectively before the publication of the employment figures.
Futures contracts suggest a clear increase in equity markets at the opening: the Dow Jones is expected to increase by 0.73%, while the Standard & Poor’s 500 takes 0.36% and the Nasdaq 0.63%.
For its part, the dollar fell by 0.69% against the euro, to 1.0799, whereas it lost 0.24% before the publication of the indicator.
Investors are now betting on 52 basis points of cumulative easing in 2024, compared to 41 basis points expected before the publication of the indicator.
(Written by Corentin Chappron, edited by Blandine Hénault)
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