BNY Mellon: The U.S. Treasury market remains supported

The EMEA macro strategist stated that the recent catalyst is this week’s U.S. labor market data. He said, “A resilient employment report will reinforce the current environment of anchored inflation expectations, thus supporting U.S. real yields, demand for U.S. Treasuries, and, in turn, the U.S. dollar.” The U.S. nonfarm payroll data is scheduled to be released on Thursday.