Short-term Treasury yields fall after unemployment rate ticks higher
Publishing timestamp: 2023-09-01 09:43:09
Summary
Treasury yields were mostly higher as traders analyzed the latest U.S. jobs report. The unemployment rate increased to 3.8% in August, while average hourly earnings were below forecasts. However, the U.S. added more jobs than expected. Uncertainty remains about the Federal Reserve's policy path, with some believing that a weaker labor market may prevent further rate hikes. The markets are pricing in a 93% chance that the Fed will keep rates unchanged at its September meeting, but opinions are divided on what could happen next.
Sentiment: MIXED
Keywords: interest rates, u.s. treasury bonds, bonds, prices, u.s. economy, monetary policy, personnel, u.s. 2 year treasury, jobs, treasury bills, government debt, u.s. 10 year treasury, labor economy, business news, economic outlook, economic events, treasury notes,
Source: https://www.cnbc.com/2023/09/01/us-treasury-yields-investors-await-key-jobs-data.html