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Asian Shares Fall as US Jobs Data Looms After Treasury Yield Hits 24-Year High
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CNBC TV18•02-10-2026, 10:38
Asian Shares Fall as US Jobs Data Looms After Treasury Yield Hits 24-Year High
- •Asian shares declined as investors reacted to volatile bond and currency markets ahead of crucial US jobs data.
- •The benchmark 10-year US Treasury yields reached a 24-year high of 5.34% before retreating to 5.2512% in Asia.
- •Fiscal concerns in France widened the spread between French and German bond yields to a 2012 high, impacting European stocks and the euro.
- •All eyes are on the US nonfarm payrolls report, with forecasts centered on a rise of 90,000 jobs in September.
- •Oil prices remained firm due to a widening military buildup in the Gulf and China's suspension of oil product exports.
Key Questions Answered
Benchmark 10-year US Treasury yields hit 5.34%, their highest level since 2002, following wild swings in bond and currency markets and after capping their biggest quarterly rise in 32 years.
Fiscal worries in France pushed the spread between French and German sovereign bond yields above 140 basis points, the widest since 2012, which rattled European stocks and caused the euro to slide to its lowest level since May 2025 at $1.1215.
Forecasts for the US nonfarm payrolls are centered on an increase of 90,000 jobs in September, with the unemployment rate expected to remain steady at 4.1%.
