Key data for the week is what investors are focusing on, with little change in treasury yields.

Key data for the week is what investors are focusing on, with little change in treasury yields.
Key data for the week is what investors are focusing on, with little change in treasury yields.

Markets reopened after the Labor Day holiday, and investors focused on key economic data scheduled for the week, resulting in U.S. Treasury yields remaining stable on Tuesday.

At 6:10 a.m. ET, the yield on the yield was last trading at 3.907% after dipping less than 1 basis point. The yield was last up less than 1 basis point at 3.929%.

Prices and yields move in opposite directions, with one basis point equal to 0.01%.

This week, investors will assess the economy's condition and evaluate the prospects for interest rates while examining crucial labor market data.

This week, we will receive the job openings figures for July, ADP's private payrolls data for August, and the August jobs report, which includes nonfarm payrolls and the latest unemployment rate.

The July jobs report last month raised concerns about a recession and whether the Federal Reserve should have cut interest rates, causing market volatility.

Since then, concerns about recession have decreased, as the second-quarter GDP growth was revised from an initial 2.8% to a final 3% last week.

The Fed is expected to cut interest rates by 25 or 50 basis points when it meets on Sept. 18, according to CME Group's FedWatch Tool.

On Tuesday, the August ISM manufacturing PMI will also be a focus for investors.

by Sophie Kiderlin

Markets