Treasury prices surged, sending yields to multi-month lows.
Friday’s U.S. jobs report showed job growth slowed more thanexpected in July and unemployment increased to 4.3%, pointing topossible weakness in the labor market and greater vulnerabilityto recession.
Markets were already rattled by downbeat earnings updatesfrom Amazon and Intel and Thursday’s softer-than-expected U.S.U.S. factory activity survey in addition to the monthly U.S.non-farm payrolls report, which showed job growth slumped to114,000 new hires in July from 179,000 in June.
