Treasury yields tick up ahead of U.S. jobs report, with many markets closed for holiday
Publishing timestamp: 2023-04-07 08:53:02
Summary
Treasury yields ticked upward ahead of the release of the US non-farm payrolls, but recent weak US data is driving fears of a slowdown. The US jobs report and unemployment rate are set for release, but with many markets closed or on half day, reactions may be muted. Signs of a cooling economy include weaker figures on private payrolls and the US services sector, revealing a hiring slowdown and spurring speculation among traders that the Fed may pause its rate hike cycle next month. The jobless claims for the week ending on April 1 came in higher than expected, suggesting pressure is building on the labor market.
Sentiment: NEGATIVE
Tickers: US2Y, US10Y, US5Y, US30Y,
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