U.S. Treasury yields fall after weak jobs report; 10-year yield drops 7 basis points

Oct 2, 2026 12:36 (22d ago)

U.S. Treasury yields declined after a weak September employment report reduced expectations for an October Federal Reserve rate hike.
September nonfarm payrolls rose by only 29,000, below all estimates, while unemployment increased to 4.2% and prior payrolls were revised lower.
The 10-year yield reached 5.175%, while Jin10 reported the 2-year and 30-year yields at 4.71% and 5.575%, respectively.

U.S. Treasury yields moved lower after a weaker-than-expected September employment report showed nonfarm payrolls rising by only 29,000, below all estimates, while prior payroll figures were revised lower. The 10-year yield fell 7 basis points to 5.175%, extending its retreat from a weekly peak above 5.34%, the highest level since 2002. The unemployment rate rose to 4.2%, reducing expectations for an October Federal Reserve rate hike; Brent crude also fell below $100 a barrel, easing energy-inflation concerns. Jin10 separately reported the 30-year yield at 5.575%, down 2.8 basis points, the 2-year yield at 4.71%, down 7.7 basis points, and the 10-year yield at 5.18%, down 5.6 basis points, reflecting rounding or reporting differences.