Treasury Yields Fall Up to 4 Basis Points as Jobs Data Looms and Oil Drops 3%
Updated
Updated · CNBC · Jun 4
Treasury Yields Fall Up to 4 Basis Points as Jobs Data Looms and Oil Drops 3%
3 articles · Updated · CNBC · Jun 4
Summary
The 2-year Treasury yield fell more than 4 basis points to 4.043% on Thursday, while the 10-year slipped over 2 basis points to 4.463% and the 30-year eased to 4.971%.
Investors pulled back ahead of Friday’s May nonfarm payrolls report after weekly jobless claims came in at 225,000, above the 215,000 consensus.
That pause followed Wednesday’s yield rise, when ADP reported private payrolls increased by 122,000 in May, the strongest reading since January 2025.
Oil also retreated as Israel and Lebanon agreed to implement a ceasefire, with WTI down 3.4% to $92.77 a barrel and Brent off 3.2% to $94.75.
The move extended a broader Thursday rally in Treasuries as easing Middle East tensions and hopes for a wider US-Iran deal reduced pressure from energy prices.