Investors keep a watchful eye on jobs data as U.S. Treasury yields increase.
On Thursday, U.S. Treasury bond yields increased due to investors' assessment of a weaker-than-anticipated jobs report and their anticipation of additional economic information to be released this week.
The 10-year Treasury yield increased by 3 basis points to 4.215%, while the 2-year Treasury note yield rose by nearly 4 basis points to 4.158%.
Prices and yields move in opposite directions. A basis point is equivalent to 0.01%.
The latest initial jobless claims data will be the focus of traders on Thursday at 8:30 a.m. ET, while nonfarm payrolls data for November is set to be released on Friday morning.
Despite economists predicting 163,000 new positions, private payrolls only grew by 146,000 in November.
by Sean Conlon
Markets
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