The 2-year-old United States Bond Yield fell to a record low last night.

The 2-year US Treasury yield fell to a record low near 0% today (8 May) after revealing the sluggish US employment numbers. Affected by the outbreak of the Covid-19 virus
At 00.01 hrs, Thai time, the 10-year US government bond yield rebounded to 0.662%, while the 30-year government bond yield rose to 1.375%. The year fell to 0.125% after falling to 0.105% in the first period.
The collapse of non-agricultural employment numbers is due to business shutdowns. From government lockdown measures to control the outbreak of the Covid-19 virus Which caused a large number of layoffs
The number of unemployed in April rose to 23.1 million, an increase of 15.9 million compared to March.
In addition, investors are worried about the wartime trade between the US and China. After the trade officials of both countries confirmed their cooperation in promoting the macro economy to facilitate the implementation of the first phase of the trade agreement.
In this regard, Mr. Liu He, Deputy Prime Minister of China And the head of trade negotiations between China and the United States Had a telephone conversation with US Trade Representative Robert Laiheiser and US Treasury Secretary Steven Manuchin today, both of whom agreed to work together to promote the macro economy to create an atmosphere And various conditions That facilitates the implementation of the first phase of the trade agreement between China and the United States
In addition, Chinese and US officials have agreed that Both parties will continue to communicate and coordinate continuously.
Under the first phase of the trade agreement, which China and the United States signed together in January, China has agreed to increase orders for goods and services from the United States in the next two years by at least 200 billion. Which includes $ 3.2 billion in agricultural products It is expected that this will help the US reduce the trade deficit with China. slotxo