10-year US treasury yields steady at 4.28% as key data looms

The 10-year US Treasury yield held steady at around 4.28% on Thursday as investors awaited key data releases, including the PCE inflation report and October jobs data.

10-year US treasury yields steady at 4.28% as key data looms

On Wednesday, ADP figures showed a substantial rise in private employment for October, underscoring the labor market's resilience. Additionally, the US economy expanded at a 2.8% annualized rate in the third quarter, slightly below the 3% forecast, though consumer spending and sales growth pointed to robust consumer demand. The benchmark yield remains near three-month highs, with the Federal Reserve expected to make a modest 25 basis point rate cut next week, following a more significant 50 basis point reduction in September.

Trump presidency speculation lifts treasury yields on fiscal hopes

Speculation about a potential Trump presidency also supports Treasury yields due to expectations of expansionary fiscal policies and an associated rise in US credit risk.