As jobs data comes into focus, Treasury yields remain little changed.
On Thursday, U.S. Treasury yields remained unchanged, while investor focus shifted to upcoming jobs data for insights into the economy's condition.
The yield on the yield was flat at 3.767%, and it was the last to trade on the day, also trading flat.
Prices and yields move in opposite directions, with one basis point equal to 0.01%.
On Wednesday, the 10- and 2-year Treasury yields briefly normalized, reversing the inverted yield curve which is historically seen as a recession indicator. The 10-year yield was above the 2-year yield for the first time since June 2022. The 10- and 2-year yields remained close together on Thursday.
This week, the focus of market attention shifted to jobs data, including nonfarm payrolls and August's unemployment figures, which were released on Friday. The weaker-than-expected July jobs report had sparked recession fears and market volatility, prompting questions about whether the Federal Reserve should have cut interest rates earlier.
Investors will closely watch the latest jobs print for hints about current economic conditions and what may come next.
Weekly initial jobless claims data is due on Thursday, and investors have been closely monitoring it recently. According to a survey by Dow Jones, economists expect jobless claims to be slightly lower than the previous week's reading.
The Federal Reserve will release data before its next meeting, which is expected to result in a rate cut. However, the magnitude of the rate reduction is still uncertain.
Markets
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