June 5, 2026

In the United States, unemployment in May stood at 4.3%, in line with expectations.

International

This morning, the US employment data, as measured by the Bureau of Labor Statistics (BLS), was released. The unemployment rate for May was 4.3%, in line with analysts' consensus expectations and unchanged from April. Furthermore, 172,000 jobs were added in May, nearly doubling the projected 88,000. The April figure was also revised upward, from 115,000 to 179,000.

At yesterday's close, the main US stock indices moved in mixed directions. The S&P 500 rose 0.4%, while the Nasdaq fell 0.1%, and the Dow Jones led the gains, rising 1.7%. Thus, so far this year, the indices have accumulated gains of +10.8%, +15.4%, and +7.3%, respectively.

Regarding US Treasury bonds, the yield curve generally compressed. The 1-year bond closed with a yield of 3.79%, slightly below the previous 3.80%, while the 3-year bond moved from 4.13% to 4.10%. At the long end, the 10-year bond closed with a yield of 4.47%, down from Wednesday's 4.49%.

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