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
