10-year Treasury yield tumbles as decline in job openings signals cooling labor market
Publishing timestamp: 2023-12-05 10:21:34
Summary
The 10-year U.S. Treasury yield declined after job openings data indicated a cooldown in the labor market. The JOLTs job openings figures for October came in below expectations, causing the yield on the benchmark 10-year Treasury to decrease. Investors are looking to economic data for hints about the Federal Reserve's interest rate policy, as the central bank is expected to keep rates unchanged at its upcoming meeting. Various economic data points, including the ADP's private payrolls report and nonfarm payrolls data for November, are expected later in the week.
Sentiment: NEUTRAL
Keywords: treasury bills, economic events, interest rates, economy, u.s. 10 year treasury, markets, u.s. economy, government debt, prices, economic outlook, u.s. treasury bonds, bonds, treasury notes, breaking news: markets, u.s. 2 year treasury, business news,
Source: https://www.cnbc.com/2023/12/05/us-treasury-yields-investors-await-labor-market-data.html