Treasury yields rise ahead of labor data
Press Hub UCapital
Share:
Treasury yields edged higher as investors await labor data, with a focus on the ADP report and the November jobs figures, both of which could impact the Fed's decision-making.
Treasury Yields Edge Up Ahead of Job Data Release
U.S. Treasury yields climbed slightly on Wednesday as investors braced for upcoming labor market data. Specifically, the yield on the 10-year Treasury rose by 3 basis points to 4.252%, while the 2-year yield increased by nearly 2 basis points to 4.19%.
Focus on ADP Report and Job Growth Figures
Investors are eagerly awaiting fresh insights into the labor market, with the release of the ADP private payrolls report for November scheduled for Wednesday. The report is expected to show a growth of about 163,000 jobs in the private sector compared to the previous month, according to economists polled by Dow Jones.
Job Openings and Labor Turnover Report
Further insights came Tuesday from the Job Openings and Labor Turnover Survey, which showed that 7.74 million job openings were posted in October, a rise from September and above Dow Jones' estimate of 7.5 million.
November Jobs Report in Focus
The key economic release of the week will be the U.S. jobs report for November, set for release on Friday. Economists expect the economy to have added approximately 214,000 jobs last month, a significant increase from just 12,000 jobs in October. The unemployment rate is expected to rise slightly to 4.2%, from 4.1% in October.
Implications for Fed's Monetary Policy
The jobs report will be a critical data point for the Federal Reserve as it prepares for its December 17-18 meeting, where it will decide whether to cut or hold interest rates. This will be the last major economic release before the meeting, and market participants will be closely watching for any signals that might influence the Fed's next move.
Jerome Powell’s Speech and Market Expectations
Meanwhile, Federal Reserve Chairman Jerome Powell is scheduled to deliver a speech in New York on Wednesday, part of a moderated discussion. Investors will be keenly monitoring Powell's comments for any hints about future interest rate decisions, which could be impacted by the labor market data.
Treasury Yields Edge Up Ahead of Job Data Release
U.S. Treasury yields climbed slightly on Wednesday as investors braced for upcoming labor market data. Specifically, the yield on the 10-year Treasury rose by 3 basis points to 4.252%, while the 2-year yield increased by nearly 2 basis points to 4.19%.
Focus on ADP Report and Job Growth Figures
Investors are eagerly awaiting fresh insights into the labor market, with the release of the ADP private payrolls report for November scheduled for Wednesday. The report is expected to show a growth of about 163,000 jobs in the private sector compared to the previous month, according to economists polled by Dow Jones.
Job Openings and Labor Turnover Report
Further insights came Tuesday from the Job Openings and Labor Turnover Survey, which showed that 7.74 million job openings were posted in October, a rise from September and above Dow Jones' estimate of 7.5 million.
November Jobs Report in Focus
The key economic release of the week will be the U.S. jobs report for November, set for release on Friday. Economists expect the economy to have added approximately 214,000 jobs last month, a significant increase from just 12,000 jobs in October. The unemployment rate is expected to rise slightly to 4.2%, from 4.1% in October.
Implications for Fed's Monetary Policy
The jobs report will be a critical data point for the Federal Reserve as it prepares for its December 17-18 meeting, where it will decide whether to cut or hold interest rates. This will be the last major economic release before the meeting, and market participants will be closely watching for any signals that might influence the Fed's next move.
Jerome Powell’s Speech and Market Expectations
Meanwhile, Federal Reserve Chairman Jerome Powell is scheduled to deliver a speech in New York on Wednesday, part of a moderated discussion. Investors will be keenly monitoring Powell's comments for any hints about future interest rate decisions, which could be impacted by the labor market data.