Treasuries Gain Ahead of US Payrolls With Jobs Growth Expected

Treasuries gained ahead of US employment data that looks set to cement the Federal Reserve’s cautious approach to changing policy.

Yields slipped around two basis points across most of the curve, taking the policy-sensitive two-year rate down to 3.89%. The move trimmed a small rise this week that’s come amid uncertainty over efforts to reach a peace deal in the Middle East.