US 10-Year Yield Touches Five-Week Low Before Delayed Jobs Data

US Treasuries edged higher ahead of January’s delayed employment report, which may fan expectations of deeper interest-rate cuts this year.

Bond yields have sunk to their lowest levels in weeks, boosted by an unexpected setback in US retail sales and the view that today’s non-farm payrolls may come in weaker than anticipated. On Monday, National Economic Council Director Kevin Hassett said lower US jobs numbers can be expected in the months ahead.