US employment data: slowdown in September and increase in unemployment

The American economy created 29,000 jobs in September against the 90,000 units expected by analysts. Furthermore, unemployment surprisingly rises from 4.1% to 4.2%.

US Treasury yields tumble after September's occupation. The 10-year T-bond sees yields fall more than 6 basis points to 5.182%.

Pressure on global government bonds has eased: 10-year yields are down around 3 basis points in major European economies. The rise in yields reflects fears of persistent inflation. According to the CME Group's FedWatch Tool, traders are pricing in a 72% probability that the Fed will keep rates unchanged at the October FOMC meeting.