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Top asset management team helps you profit without hassle
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U.S. Yields Tick Higher Ahead of Key Jobs Data
U.S. Treasury yields climbed during Asian trading hours, reversing yesterday’s dip — but still holding inside their recent range. Traders are now locked in on today’s initial jobless claims report, a key signal before the Fed’s December rate decision.
Money markets (LSEG) are still heavily pricing in a 25 bps rate cut, with odds sitting near 85%, supported by Wednesday’s softer-than-expected ADP report showing a surprise drop in private-sector hiring.
• 2-year yield: up 1.8 bps to 3.503%
• 10-year yield: up 2.5 bps to 4.082%