Treasury yields finished mixed on Wednesday, with long-dated rates slipping to their lowest since August, after data showed private-sector businesses added fewer jobs than expected last month.What happened
The yield on the 2-year Treasury
BX:TMUBMUSD02Y
rose 2.6 basis points to 4.601% versus 4.575% on Tuesday. Yields move in the opposite direction to prices.
The yield on the 10-year Treasury
BX:TMUBMUSD10Y
slipped 5 basis points to 4.121% from 4.171% Tuesday afternoon.
The yield on the 30-year Treasury
BX:TMUBMUSD30Y
dropped 8.2 basis points to 4.224% from 4.306% late Tuesday.
Wednesday’s levels were the lowest for the 10- and 30-year rates since Aug. 31, based on 3 p.m. Eastern time figures from Dow Jones Market Data.
What drove markets Data released on Wednesday showed that businesses added only 103,000 jobs in November, according to paycheck company ADP. That’s below the 128,000 jobs that had been expected by economists polled by The Wall Street Journal. The report came ahead of Friday’s nonfarm payrolls data for November, though it isn’t considered a reliable guide to the government f …
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The yield on the 2-year Treasury
BX:TMUBMUSD02Y
rose 2.6 basis points to 4.601% versus 4.575% on Tuesday. Yields move in the opposite direction to prices.
The yield on the 10-year Treasury
BX:TMUBMUSD10Y
slipped 5 basis points to 4.121% from 4.171% Tuesday afternoon.
The yield on the 30-year Treasury
BX:TMUBMUSD30Y
dropped 8.2 basis points to 4.224% from 4.306% late Tuesday.
Wednesday’s levels were the lowest for the 10- and 30-year rates since Aug. 31, based on 3 p.m. Eastern time figures from Dow Jones Market Data.
What drove markets Data released on Wednesday showed that businesses added only 103,000 jobs in November, according to paycheck company ADP. That’s below the 128,000 jobs that had been expected by economists polled by The Wall Street Journal. The report came ahead of Friday’s nonfarm payrolls data for November, though it isn’t considered a reliable guide to the government f …nnDiscussion:nn” ai_name=”RocketNews AI: ” start_sentence=”Can I tell you more about this article?” text_input_placeholder=”Type ‘Yes'”]