OctaFX | OctaFX Forex Broker
Open trading account

Treasury yields rise after weekly jobless data

FXStreet (Mumbai) - The yields across the short-end and the long-end of the bond market curve in the US shot higher after the weekly initial jobless claims in the US fell to a three-week low.

The Ten-year yield hit a high of 2.377%, while the two-year yield, a barometer for short-term interest rate expectations, rose to 0.542% after the official data in the US showed initial jobless claims fell 10,000 to a seasonally adjusted 278,000 for the week ended Nov.1. Meanwhile, the four week moving average of claims fell to its lowest level since April 2000.

Moreover, a strong ADP jobs report along with the fall in the weekly claims has increased the probability of a better-than-expected monthly non-farm payrolls data due tomorrow. As per the Reuters survey, The government is expected to report tomorrow that non-farm payrolls increased 231,000 last month after rising 248,000 in September.

Meanwhile, the Treasury yields may erase gains as the US stock markets appear edgy after a positive start. The S&P futures are now trading 0.10% lower, while the DJIA is trading more or less flat.

United Kingdom NIESR GDP Estimate (3M) remains unchanged at 0.7% in October

Read more Previous

Hungary Budget Balance rose from previous 14.2B to 35B in October

Read more Next
Start livechat