0942 GMT - UBS closed its long position in 10-year U.S. Treasurys at 4.40%, but it will re-enter the trade when yields rise further, its strategists say in a note. UBS opened the trade at the end of May when 10-year yields were at 4.51%, but then tightened the stop to 4.40% ahead of last week's jobs report. "We think that we could see better levels to go long U.S. duration again but the market has to get a better sense of U.S. labor market dynamics, the impact of the Big Beautiful Bill and a higher tariff regime without U.S. dollar strength," it says. The 10-year Treasury yield falls nearly 2 basis points to last trade at 4.399%, according to Tradeweb. (emese.bartha@wsj.com)

(END) Dow Jones Newswires

July 09, 2025 05:42 ET (09:42 GMT)

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