Treasury yields are slightly above key employment reports


US Treasury yields fell slightly on Friday morning prior to the release of the December non-farm payrolls report.

Benchmark yield 10-year government bond It fell to 1.728 below the basis point.Yield 30-year government bond I gave up one basis point and dropped to 2.089%. Yield is inversely proportional to price, and one basis point is equivalent to 0.01%.

The December Non-Agricultural Employment Report will be released on Friday at 8:30 EST.

Economists expect the economy to be added 422,000 jobs in DecemberAccording to a quote edited by Dow Jones. The unemployment rate is expected to be 4.1%.

Total weekly unemployed bills in the U.S. 207,000 for the week ending January 1st, The Ministry of Labor said Thursday. The reading was higher than expected 195,000.But the private sector has added 807,000 jobs in december, ADP said Wednesday, it was much higher than expected 375,000.

The 10-year yield exceeded 1.75% on Thursday as investors digested the Fed’s latest minutes. Authorities have shown that central banks are ready to withdraw policy support for the economy more aggressively.

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Thursday, James Bullard, President of the Federal Reserve Bank of St. Louis The Federal Reserve said it could raise interest rates soon in March.

In addition, San Francisco Federated Bank Governor Mary Daly said central banks need to raise to balance the economy. However, Daily added that the Fed should lower its balance sheet only after rate hikes.

Scott Tiel, Chief Bond Strategist at BlackRock, said on CNBC’s “Squaw box europe“On Friday, his company believes March is” too early “to start raising interest rates.

At the same time, Thiel suggested that the pace of rate hikes should be more focused than when the Fed begins to raise rates.

There are no auctions scheduled for Friday.

— — CNBC’s Pippa Stevens contributed to this market report.

Treasury yields are slightly above key employment reports

Source link Treasury yields are slightly above key employment reports

The post Treasury yields are slightly above key employment reports appeared first on Eminetra.


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