US treasury yields slide, US job openings fall to lowest in ten-months

The US treasuries witnessed a rebound following the slump seen in the previous session as participants eyed the trends in labour market. The yield on the benchmark ten-year note which moves opposite of its price, tumbled by 6.6 bps to 4.21%, giving up bulk of the recent gains. The 30-year Treasury yield hit 5% briefly before easing. Labor Department’s closely watched Job Openings and Labor Turnover Survey revealed that available positions in July came in at 7.18 million from a downwardly revised 7.36 million in June, according to Bureau of Labor Statistics data published Wednesday. This marked the lowest level in ten-months for the measure.