Treasury yields rise as investors consider interest rate outlook
Publishing timestamp: 2023-11-06 12:51:53
Summary
U.S. Treasury yields rose on Monday as investors analyzed the impact of the recent jobs report and prepared for a week of light economic data. The yield on the 10-year Treasury increased by over 8 basis points, while the 2-year Treasury rose by 7 basis points. The previous Friday, yields had fallen significantly after lower-than-expected nonfarm payrolls figures were released. This suggested to investors that the labor market may be cooling, potentially leading to the Federal Reserve halting interest rate hikes. The upcoming week is expected to have minimal economic data, but investors will be paying attention to speeches from Fed officials, hoping for insights into monetary policy and the economic outlook.
Sentiment: NEUTRAL
Keywords: government debt, treasury notes, business news, economic outlook, bonds, interest rates, u.s. economy, breaking news: markets, prices, economy, labor economy, u.s. 10 year treasury, u.s. 2 year treasury, economic events, treasury bills, u.s. treasury bonds, federal reserve bank,
Source: https://www.cnbc.com/2023/11/06/us-treasury-yields-investors-consider-interest-rate-outlook.html