U.S. jobs, GDP data positive, U.S. bond yields fall instead of rise amid policy and tariff gloom

March 27 - US Treasury yields lost upward momentum despite data from the US suggesting the economy is weathering high levels of policy uncertainty, according to Golden Ten. Weekly first-time claims for unemployment benefits in the US fell to 224,000 from an upwardly revised 225,000, a sign that the labour market is resilient. U.S. fourth-quarter gross domestic product (GDP) was revised to a 2.4 per cent increase, after the market had expected the figure to remain unchanged at 2.3 per cent. price indicators in the GDP report softened. Markets were also digesting the news that Trump announced a 25 per cent tariff on imported cars. The U.S. 10-year Treasury yielded 4.369 per cent and the 2-year Treasury yielded 4.006 per cent, both of which were slightly lower than they were before the data were released.