The U.S. non-farm payrolls in December far exceeded expectations, causing a sharp decline in U.S. Treasuries, a drop in European bonds, and an increase of about 80 points in the U.S. dollar index
The yield on U.S. 2- to 7-year Treasury bonds rose by at least 10 basis points during the day. European bonds fell alongside U.S. Treasuries. The U.S. dollar index increased by about 80 points, with the Australian dollar falling to its weakest level against the U.S. dollar since 2020; the GBP/USD dropped 0.7% to 1.2221, the lowest since November 2023