Bond Report: Treasury yields rise as traders eye more labor market data

by | Apr 5, 2023 | Stock Market

Bond yields rose Wednesday in muted trading ahead of jobs reports in coming days.What’s happening
The yield on the 2-year Treasury
rose 5.4 basis points to 3.891%. Yields move in the opposite direction to prices.

The yield on the 10-year Treasury
added 2.7 basis points to 3.369%.

The yield on the 30-year Treasury
climbed less than 1 basis point to 3.601%.

What’s driving markets Short-term Treasury yields, which in the previous session dropped towards the bottom of their recent range on a soft job openings report, are nudging higher as more labor data looms.

The private sector ADP jobs survey will be published on Wednesday at 8:15 a.m., followed on Thursday by the weekly initial jobless claims and then on Friday, when markets are closed for the Easter holiday, the nonfarm payrolls report will be released.

Together, the data may help the Federal Reserve decide wh …

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