10-year Treasury yield is little changed as investors digest jobs data
Publishing timestamp: 2024-01-19 11:49:37
Summary
Treasury yields remained relatively unchanged as investors analyzed the latest jobs data and comments from Federal Reserve officials. Weekly jobless claims were lower than expected, indicating strength in the U.S. jobs market. The yield on the 10-year Treasury note increased slightly, while the 2-year Treasury yield saw a larger increase. The University of Michigan's Consumer Survey of Consumers showed a positive reading for January, reaching its highest level since July 2021. Strong economic data, including retail sales for December, has led to a decrease in expectations for a rate cut by the Federal Reserve. Atlanta Federal Reserve President Raphael Bostic expects rate cuts in the third quarter, contrasting with market expectations of a cut by May.
Sentiment: NEUTRAL
Tickers: TSLA, US10Y, US2Y, FDS, US20Y,
Keywords: jeff cox, economic events, u.s. 20 year treasury, medium term notes, u.s. economy, switzerland, bonds, u.s. 2 year treasury, u.s. 10 year treasury, business news, markets, prices, treasury notes, government debt, breaking news: markets, united states, tesla inc, davos, treasury bills, factset research systems inc,