Yields on US Treasuries rose slightly on Wednesday morning prior to the release of employment data in July.
Benchmark yield 10-year government bond With an addition of less than a basis point, it rose to 1.182% at 4am EST.Yield 30-year government bond It advanced to 1.854% below the basis point. Yield is inversely proportional to price, and one basis point is equivalent to 0.01%.
ADP’s July Employment Change data, which shows the number of private salaries added each month in the United States, will be released at 8:45 EST.
This precedes the weekly unemployment claims data released Thursday and the long-awaited July non-farm payrolls report to be released Friday.
Investors are hiring this week, given that the Federal Reserve Board of Governors is using employment market recovery as a key indicator in deciding when to start discussing ultra-simple monetary policy tightening. We are watching the data carefully.
The final version of Markit’s July US Purchasing Managers Index will be released at 9:45 EST, while ISM’s non-manufacturing PMI data will be released at 10 am EST.
Federal Reserve Board of Governors Richard Clarida will speak at the Peterson Institute for International Economics at 10 am Eastern Standard Time on the outlook for US monetary policy.
An auction will take place on Wednesday, with $ 30 billion of 119-day invoices sold.
Treasury yields are slightly higher than employment data
Source link Treasury yields are slightly higher than employment data