U.S. Treasury futures rise, the dollar weakens, and the U.S. job outlook is bleak

After the employment data released by ADP Research showed that the U.S. labor market is slowing down, U.S. Treasury futures surged, and the U.S. dollar index fell. U.S. 10-year Treasury futures rose, indicating that the corresponding yield will decrease by four basis points, closing at 4.12% on Monday. On Tuesday, coinciding with Veterans Day holiday, the U.S. cash bond market is closed. Following the release of the U.S. employment report, British bonds continued to rise, pushing the 10-year yield down by nine basis points to 4.38%, close to the lowest level this year. Earlier, the employment data released by the UK also fell short of the expected median, which has already prompted a decline in yields and stimulated market bets that the Bank of England will accelerate interest rate cuts