John Hancock: Weekly Market Recap Week Ended June 27
Falling yields
Yields of U.S. government bonds fell for the third week in a row, with yields of notes with shorter maturities posting the biggest declines. On Friday afternoon, the yield of the 10-year U.S. Treasury was 4.28%, down from a recent peak of 4.60% on May 21.
Trade talks
Ahead of a July 9 deadline on reciprocal tariffs, investor sentiment was lifted by updates from the Trump administration on negotiations with China and the European Union. However, the administration on Friday afternoon terminated trade talks with Canada in a dispute over dairy product tariffs and a digital services tax.
Market calm
At roughly the midpoint of 2025, an index that measures investors’ expectations of short-term U.S. stock market volatility was slightly below its year-end 2024 level and down sharply from its year-to-date high reached in early April. The Cboe Volatility Index closed at 16.3 on Friday, below its year-end level of 17.4 and down from 52.3 on April 8.
Jobs ahead
A monthly labor market report due out on Thursday—the day before a U.S. market closure due to the Independence Day holiday—will show whether a recent trend of moderate but better-than-expected jobs growth extended into June. In May, the economy generated 139,000 jobs, above consensus expectations for around 130,000. However, initial estimates for the previous two months’ gains were revised downward.
SOURCE:https://www.jhinvestments.com/weekly-market-recap#market-moving-news

