Treasury yields drop as labor market shows signs of slowing
Publishing timestamp: 2023-04-04 14:47:29
Summary
Treasury yields dropped after job openings fell below 10 million, indicating that Federal Reserve rate hikes are impacting the labor market. Yields fell across the board, with investors concerned about the trajectory of monetary policy and the potential for further banking collapses. Traders are pricing in a 60% chance of a rate hike next month, but this could change depending on the state of the banking system. Wall Street is also monitoring the spike in oil prices.
Sentiment: NEGATIVE
Tickers: US5Y, US30Y, @US.1, US10Y, @TU.1, US2Y,
Keywords: steven mnuchin, u.s. 10 year treasury, world markets, 30-yr t-bonds (mar'23), business news, prices, central banking, government debt, u.s. 2 year treasury, u.s. 30 year treasury, breaking news: markets, medium term notes, u.s. 5 year treasury, economic events, bitcoin, bonds, markets, 2-yr notes (mar'23),
Source: https://www.cnbc.com/2023/04/04/treasury-yields-fractionally-lower-as-slowdown-fears-persist.html