US Treasuries rallied after an unexpectedly weak July employment report prompted traders to further dial back expectations for Federal Reserve interest-rate hikes, cementing the biggest weekly gain in short-term maturities since May.
Source: [Bloomberg Markets](https://www.bloomberg.com/news/articles/2026-08-07/us-treasuries-rally-as-soft-jobs-data-trims-fed-rate-hike-bets)