US Treasuries Firm on Soft Employment Data; Gold, Silver, and Copper Surge

US treasuries remained firm on soft US employment data, with the benchmark 2-year treasury yield trading near its lowest level in over two weeks at 4.19%. Japan's government bonds rallied significantly following a solid 30-year JGB auction result, flattening the yield curve. Concurrently, precious metals like gold and silver surged to new local highs, with gold vaulting above USD 4,250 per ounce, while LME copper maintained above USD 14,000 per tonne, nearing its all-time high.