Non-farm employment and unemployment data will be announced in the US today at 03.30 p.m. The fall of the markets hours before these two data, which are expected to have a direct impact on the Fed’s interest rate decision, does not escape the eyes. Bitcoin price went down to $55,280. However, it seems that the interest in bonds seen as a safe haven has also increased.

Will the data not come as expected by the markets?

As it is known, markets can be priced ahead from time to time before some critical data releases. Therefore, this decline may be a sign that non-farm payrolls and unemployment data will not be as low as expected, causing fear. Therefore, the likelihood of a 25 basis point hike by the Fed on September 18 instead of 50 may increase. This, of course, may have brought a decline in prices.

Bonds appreciated, yields fell to the range level

While there were declines in Bitcoin and other risky assets, there was an increase in US 30-year Treasury bonds. The 30-year US Treasury bond yield fell 2.5 basis points to 3.994%. This rate was last seen in December 2023.

The decline in bond yields indicates that the bond price is rising and the markets are fleeing to safe havens. It is known that such situations are mostly seen in countries where there is economic uncertainty and recession fears.