Treasury Yields Ease Ahead of 85,000 U.S. Jobs Report as 10-Year Falls to 4.463%
Updated
Updated · CNBC · Jun 5
Treasury Yields Ease Ahead of 85,000 U.S. Jobs Report as 10-Year Falls to 4.463%
3 articles · Updated · CNBC · Jun 5
Summary
The 10-year Treasury yield slipped 1 basis point to 4.4630% on Friday, while the 2-year fell more than 1 basis point to 4.0348% as investors waited for May labor data.
An 85,000 rise in non-farm payrolls is expected later in the day, down from April's 115,000 gain, with the unemployment rate seen holding at 4.3%.
The move extended Thursday's decline in yields, while the 30-year bond yield was little changed at 4.9695%.
The jobs report is being watched for clues on U.S. interest-rate and inflation paths, even as some investors point to resilient services activity and a still-solid economy.