U.S. Treasury yields decline as the market focuses on the upcoming non-farm employment report

Mars Finance reports that U.S. Treasury yields declined during European trading hours as markets focus on the U.S. January labor market data, which is postponed until Wednesday. Prior to this, the weekly ADP private sector employment data is set to be released. DHF Capital S.A. analyst Bas Kuyman stated that these data could further reinforce market expectations of a rate cut by the Federal Reserve. Any data below expectations could intensify market caution and put pressure on the dollar and Treasury yields.