Treasuries Fall as Spillover From UK Selloff Weighs on Long End
Recruiters and job seekers during a job fair in Chicago, Illinois.
Photographer: Jamie Kelter Davis/BloombergTreasuries slipped ahead of a pivotal US jobs report as fresh fiscal concerns sparked a selloff in the UK bond market.
US government debt slipped across the curve, pushing the yield on 30-year Treasuries about five basis points higher to 4.81%. The move was, in part, spillover from the UK, where yields on 30-year gilts jumped on concerns about Chancellor of the Exchequer Rachel Reeves’ future reignited questions over the nation’s fiscal position.