10-year Treasury yield rises above 4.3% as traders ignore noisy jobs report
Publishing timestamp: 2024-11-01 16:12:25
Summary
The yield on 10-year Treasury rose despite disappointing October jobs data, with traders attributing the weak numbers to hurricanes and strikes. The Federal Reserve may continue its easing cycle at the next meeting. Markets are pricing in a 25 basis point rate cut from the central bank.
Sentiment: NEUTRAL
Keywords: personnel, business news, prices, treasury notes, bonds, u.s. 10 year treasury, breaking news: markets, u.s. 2 year treasury, labor economy, u.s. economy, u.s. treasury bonds, treasury bills, markets, economic events,
Source: https://www.cnbc.com/2024/11/01/us-treasurys-investors-look-to-key-jobs-data.html