Treasurys Remain Steady Ahead of Key Labor Market Data Release
Treasury yields remained stable early Friday as investors awaited key nonfarm payrolls and unemployment data, which are expected to provide insight into the U.S. labor market's health ahead of the Federal Reserve’s next interest rate decision in mid-September. The benchmark 10-year Treasury note yield held steady at 4.7541%, while both the shorter-dated 2-year and longer-term 30-year yields remained unchanged at 4.3390% and 5.2328%, respectively. The data, due for release Friday morning, is anticipated to show a modest increase of around 56,000 jobs in August after an unexpected decline the previous month. The report follows weaker-than-expected ADP private employment figures earlier in the week and comes amid rising bond yields and renewed inflation concerns. Investors are also looking ahead for more inflation data next week to gauge potential Fed policy moves.
Topics: Federal Reserve interest rates inflation data nonfarm payrolls Treasury yields