Sina US Stock, January 10 — US Treasury yields have rebounded from a low point, and the US non-farm payroll data released earlier fell short of expectations.

UBSNew York interest rate strategist Chirag Mirani said that the employment report alone is not enough to change investors' views on the labor market.

However, he said, this does give investors reason to treat November's surprising employment data as a special case. From now on, the job market seems to be showing a weakening trend.

“We think the data will weaken in the first quarter, so we generally prefer to buy US Treasury bonds,” Mirani said in a telephone interview.

Friday's report showed that 266,000 new jobs in November, which were higher than expected, were slightly revised downward to 256,000.

Mirani is optimistic about long-term US debt. He thinks the 10s30s yield curve is too steep.

Friday's data alone may not “significantly change people's opinions,” he said, and “it usually takes people about three months to evaluate what's going on.”