Mumbai, June 6 -- The US bond market is witnessing volatile moves ahead of the nonfarm payroll data. Yields had extended declines near 4.30% yesterday after the Labor Department said weekly initial jobless claims rose for a second straight week and hit around seven-month high. Initial claims for U.S. unemployment insurance rose by 8,000 to a seasonally adjusted 247,000 in the week ending May 31. A bounce from these levels pushed yields towards 4.40% today as markets eyed geopolitical uncertainty and sustained worries over US long-term debt obligations.

Published by HT Digital Content Services with permission from Capital Market....