10-year Treasury yield rebounds from September low as traders await key jobs data
Publishing timestamp: 2023-12-07 11:23:22
Summary
The U.S. Treasury 10-year Treasury yield rose as investors analyzed the state of the labor market and the broader economy ahead of the jobs report. The 10-year Treasury yield was up by nearly 2 basis points, reaching 4.136%. Investors are looking at economic data for clues about the labor market and the Federal Reserve's interest rate policy. The ADP employment change report showed fewer private payrolls than expected, indicating a cooler labor market. Weekly jobless claims were below expectations, and the reading of continuing jobless claims declined. These data points come before the Federal Reserve's policy meeting next week, where investors hope to gain insight into future policy and the state of the economy.
Sentiment: NEUTRAL
Keywords: economy, u.s. economy, monetary policy, federal reserve bank, u.s. 10 year treasury, government debt, interest rates, breaking news: markets, business news, personnel, treasury bills, economic events, economic outlook, prices, bonds, u.s. 2 year treasury, treasury notes, labor economy, markets, u.s. treasury bonds,
Source: https://www.cnbc.com/2023/12/07/us-treasury-yields-investors-look-to-economic-data.html