10-year Treasury yield approaching 4% again after strong jobs data
Publishing timestamp: 2024-01-04 12:29:08
Summary
The article discusses the increase in U.S. Treasury yields following the release of positive employment numbers. The 10-year Treasury yield briefly crossed the 4% mark before settling at 3.997%. The 2-year Treasury yield also increased. The article mentions that private payrolls grew more than expected in December and that the pace of layoffs decreased. Investors are considering the outlook for Federal Reserve interest rate cuts, with hopes for more extensive cuts. The article concludes by mentioning that economists expect a gain of 170,000 in Friday's nonfarm payrolls report.
Sentiment: NEUTRAL
Keywords: u.s. treasury bonds, treasury notes, u.s. economy, u.s. 2 year treasury, treasury bills, prices, u.s. 10 year treasury, interest rates, monetary policy, government debt, bonds, economic events, economic outlook, economy, business news,
Source: https://www.cnbc.com/2024/01/04/us-treasury-yields-investors-weigh-interest-rate-path-ahead.html