Mumbai, July 4 -- The 10-year US Treasury yield edged up to one week high after June's nonfarm payroll report offered a firm assessment of the US labour markets. The benchmark 10-year yield rose more than 5 basis points to 4.35% and currently holds at the same level. The long dated 30-year bond yield also moved up near 4.90%. Data showed that the US nonfarm payrolls increased by 147000 in June, recording a modest rise in comparison to the previous month's figure of 144000. The US Unemployment Rate edged lower to 4.1% from 4.2% as well. The latest nonfarm data eased fears about weakness in the labor market after the ADP payrolls report from a day prior showed that private sector hiring decreased by 33,000 last month. This new evidence on t...
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