U.S. Treasury Yields Rise as May Job Openings Hit 7.6 Million
Updated
Updated · CNBC · Jun 30
U.S. Treasury Yields Rise as May Job Openings Hit 7.6 Million
3 articles · Updated · CNBC · Jun 30
Summary
The 10-year Treasury yield rose more than 3 basis points to 4.406% on June's final trading day, while the 2-year climbed to 4.139% and the 30-year to 4.888%.
May job openings came in at 7.6 million, topping the 7.3 million economists expected and signaling labor demand remained firm enough to outnumber unemployed workers.
That stronger labor reading pushed traders to reassess the path for Federal Reserve rate cuts, with the 2-year yield tracking short-term policy expectations.
Oil was only slightly higher — around $71 for WTI and $73 for Brent — as energy costs retreated toward pre-Iran war levels, shifting market focus to ISM data Wednesday and June payrolls Thursday.