U.S. Treasury Yields Move Little Awaiting Employment Report
Dow Jones
Sep 04
0530 GMT - U.S. Treasury yields are little changed in Asian trade, with minor increases in the short end and small declines on the long end, as markets remain calm ahead of the August employment report at 1230 GMT. The report, however, cannot be viewed in isolation and the Federal Reserve will look at it as part of a suite of economic data, and traders should too, XTB's Kathleen Brooks says in a note. "Overall, this report will not give us a definitive answer on whether the Fed will hike rates or not at their meeting later in September, but a surprise number will still be important for financial markets," the research director says. The 10-year Treasury yield falls 0.6 basis point to 4.755%, according to Tradeweb.
At the request of the copyright holder, you need to log in to view this content
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.