Get Breaking Alerts on Stocks Before The Mainstream Media

Stay informed of the biggest news on stocks so you can react before 90% of retail investors.
Email address
We guarantee you to keep your privacy
Connect with us
Financial Press
bond-report:-us.-treasury-yields-edge-higher-to-kick-off-monthly-trade
bond-report:-us.-treasury-yields-edge-higher-to-kick-off-monthly-trade

Breaking

Bond Report: U.S. Treasury yields edge higher to kick off monthly trade

U.S. Treasury yields were tilting higher in early Monday’s trade as investors eyed the all-important jobs report at the end of the week.

What are Treasurys doing?

The 10-year Treasury note yield
TMUBMUSD10Y,
1.635%

was up 1.2 basis points to 1.644%. The 2-year note rate
TMUBMUSD02Y,
0.164%

was steady at 0.164%. The 30-year bond yield
TMUBMUSD30Y,
2.303%

added 0.8 basis point to 2.310%.

Get Breaking Stock Alerts

Stay informed of the biggest news on stocks so you can react before 90% of retail investors.
Email address
We are Spam free & Secure 🙂
What’s driving Treasurys?

Some first-tier data is due in the morning. The Institute for Supply Management will release their April reading of a manufacturing activity index, expected to come in at 65 by MarketWatch-polled analysts, up marginally from the previous month’s 64.7. A number above 50 indicates an expansion of economic activity.

Still, investors will remain focused on the nonfarm employment report at the end of the week. Economists are expecting close to a million job gains, adding to the signs of strength in the labor market.

See: Jobs are coming back as the U.S. economy speeds up and the coronavirus wanes

Investors say a string of strong jobs reports could force the Federal Reserve’s hand, prompting the U.S. central bank to start laying the groundwork for a tapering of asset purchases.

So far, most senior Fed officials have said it remains too early to talk about withdrawing policy accommodation. But Dallas Fed President Robert Kaplan broke ranks last week, saying the central bank should discuss cutting back its bond-buying at the earliest opportunity.

What did market participants say?

“Another blockbuster payroll report this Friday will naturally provide more food for thought and stir the debate in private over the best course of policy action later this year,” said Kenneth Broux, a strategist at Société Générale.

Written By

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Related Articles

Breaking

MARKETWATCH FRONT PAGE Elon Musk is a rallying point for dogecoin holders on sites like Reddit, and his coming appearance on ‘SNL’ is a...

Breaking

Call it the “dogefather” versus the godfather of crypto. Barry Silbert, a power player in the digital-asset sector, said he’s betting against dogecoin DOGEUSD,...

Breaking

I have a question about the etiquette and ethics surrounding GoFundMe. I had planned a vacation with a very old and close friend this...

Breaking

Thomas Jepsen, founder of Passion Plans, a company that helps connect home buyers with architects and designers, is among the cohort of employers that...

Get Breaking Stock Alerts

Stay informed of the biggest news on stocks so you can react before 90% of retail investors.
Email address
We are Spam free & Secure :)

Get Breaking Stock Alerts

Email address

Get Breaking Stock Alerts

Stay informed of the biggest news on stocks so you can react before 90% of retail investors.
Email address