Treasuries Rally as Soft Jobs Data Trims Fed Rate-Hike Bets

US Treasuries rallied following unexpected job cuts in July, indicating labor market challenges that may reduce the Federal Reserve's inclination to raise interest rates. The two-year US Treasuries yield dropped to 4.15% before settling near 4.20% as traders lowered rate-hike bets. This shift in expectations could stabilize borrowing costs, impacting investment strategies and economic growth. Additionally, Gold prices rose above $4,300 amid a rally and Middle East talks that further eased expectations for rate hikes.