Weak U.S. employment data causes U.S. Treasury yields to fall to a three-week low

According to Jinshi reports, U.S. Treasury yields fell during the Asian trading session, with the 10-year Treasury yield dropping to a three-week low of 4.156% before rebounding slightly, with the latest trading price at 4.189%, still down 2 basis points for the day. The decline in U.S. Treasury yields is related to new signs of weakness in the U.S. labor market, with the market expecting a 23% probability of the Federal Reserve cutting rates by 25 basis points in March.