Breadth divergence is a troubling sign for the stock market

Treasury yields dip ahead of jobs data that should impact Fed thinking

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Bond yields fell on Friday, though trading was cautious ahead of crucial U.S. jobs data that may impact Federal Reserve thinking on the path for interest rates.

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Bond investors were poised to parse the U.S. June nonfarm payrolls data, due for release at 8.30am Eastern. Forecasts suggest 250,000 jobs were added last month, down from 390,000 in May. Wage growth is expected to rise by 5% year-on-year.


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