Payrolls Miss but Treasury Yields and Dollar Barely Flinch

Treasury yields held near multi-decade highs after a weak U.S. jobs report, keeping the U.S. dollar on track for a third straight weekly gain. Fiona Cincotta, StoneX Senior Market Analyst, explains why the bond market is driving the U.S. dollar, EUR/USD and the FTSE 100. The nonfarm payrolls report showed 29,000 jobs added against 90,000 expected, and Federal Reserve rate hike odds for October fell from about 70% to about 24%. EUR/USD has dropped to its lowest level since May 2025 as fiscal and political worries in France lift European bond yields. In the UK, the 30-year gilt yield has hit its highest level since 1998, pulling the FTSE 100 about 2% lower. Discover Actionable Insights with the latest Market Outlook Reports: https://intel.stonex.com/offer?language=en&campaignId=A908C315-DC62-4F35-AC16-870BB71E84D1&utm_source=youtube&utm_medium=social&utm_campaign=sxtv_guest_fiona_cincotta&utm_content=share 00:00 - Dollar Chases Third Weekly Win 00:57 - Jobs Miss Guts Fed Hike Bets 02:22 - Treasury Yields Refuse to Fold 03:36 - EUR/USD Slides as Europe Frets 05:35 - Gilt Shock Drags the FTSE 100 Like and subscribe for more financial market insights. #Forex #StoneX #FionaCincotta #FTSE100 --------- Like this video? Subscribe and turn on notifications so you don't miss any videos from StoneX: https://www.youtube.com/@stonex_official Visit https://www.stonex.com/en/insights/thought-leadership/?utm_source=youtube&utm_medium=social for insights, perspectives and thought leadership from StoneX's global network of experts. Visit our website: https://www.stonex.com?utm_source=youtube&utm_medium=social