US Treasury yields rise after jobs data
United States Treasury yields moved higher on Wednesday after the Department of Labor reported that the number of jobless claims fell to its lowest level in 52 years, sparking concerns that the Federal Reserve’s monetary policy will be tightened earlier and faster than expected due to improving employment figures.
The yield on the benchmark 10-year Treasury note grew 5.4 basis points to 1.685% at 9:17 am ET, while the return on the two-year note added 5.5 basis points to reach 0.629% at the same time. The yield on the 30-year bond rose by 0.2 basis points to 2.029% at 9:19 am ET.
The two-year note futures decreased 0.04%, the 10-year note futures were down 0.12% and the 30-year bond futures declined 0.18% at 9:15 am ET.
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