Treasurys Selloff Takes a Pause Ahead of Jobs Report
Dow Jones
7 hours ago
1620 ET - Treasury yields fall ahead of September's U.S. jobs report, which is expected to bolster the case for a slower pace of monetary tightening. Economists surveyed by WSJ forecast job creation slowing to 84,000 from 162,000. The Treasury buys back $6 billion in long-term bonds, exceeding previous operations' amounts. A flight for safety boosts demand for German bunds and U.S. Treasurys, weakening yields, as investors ditch debt from highly indebted European governments. Borrowing costs, however, remain close to multidecade highs. The 10-year Treasury yield slips 0.059 percentage point, snapping a seven-day rising streak, to 5.233%. The two-year drops 0.1 point to 4.785%.
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.