German bond yields hit 7-week low after US jobs data, stocks dip

03 Nov, 2017

US nonfarm payrolls increased by 261,000 jobs in October - the largest gain since July 2016 but well below economists' expectations for an increase of 310,000 jobs after a sharp slowdown in job growth the previous month.

US Treasury yields fell, dragging European peers with them. The German 10-year bond yield dipped to 0.35 percent , its lowest level in around seven weeks.

The pan-European STOXX 600 fell to a session low after the data, erasing earlier gains to trade flat on the day. Britain's FTSE 100 also hit a day's low to trade flat.

 

Copyright Reuters, 2017
 

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