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Treasury yields rise ahead of weekly unemployment claim data

US Treasury yields rose early Thursday as investors waited for more employment data, and the US Treasury reported weekly unemployment claims late in the morning.

Benchmark yield 10-year government bond It rose to 1.194% below the basis point at 4:45 EST.Yield 30-year government bond It advanced to 1.845% below the basis point. Yield is inversely proportional to price, and one basis point is equivalent to 0.01%.

The Ministry of Labor will announce the number of unemployed claims filed last week at 8:30 EST.

The 10-year Treasury yield fell to its lowest level since February Wednesday, following disappointing employment data from private payroll company ADP. Employers added 330,000 jobs in July. This is well below the economist’s estimated 653,000 new jobs. This was also a significant reduction in the revised 680,000 salaries created in June.

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Investors have been closely monitoring employment data, given that labor market recovery is being used to determine when the Federal Reserve Board will begin talking about monetary tightening.

The Ministry of Labor’s official July employment report, released Friday, will be a central focus for investors this week.

Federal Reserve Board of Governors Christopher Waller will speak at the American Enterprise Institute on Thursday at 10 am on Central Bank Digital Currency.

The auction will take place on Thursday with a $ 40 billion four-week invoice and a $ 35 billion eight-week invoice.

Treasury yields rise ahead of weekly unemployment claim data

Source link Treasury yields rise ahead of weekly unemployment claim data

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