Waller's dovish remarks send U.S. Treasury yields plunging! Tonight's focus shifts to U.S. Non-Farm Payroll data

Federal Reserve Governor Waller stated on Thursday that as long as U.S. inflation continues to ease, he will prefer to keep interest rates unchanged. Influenced by this relatively dovish speech, U.S. Treasury prices rose across the board on Thursday. Market data shows that Thursday's rally drove yields of Treasuries with various maturities generally lower, with the two-year Treasury yield falling the most because it is more sensitive to Federal Reserve rate changes than long-term Treasuries.