Key jobs data are what investors are focusing on as treasury yields remain unchanged.
On Friday, U.S. Treasury yields remained unchanged, as investors anticipate the October jobs report and process the economic data released during the week.
The 10-year Treasury yield increased by less than 1 basis point to 4.289% at 7:06 a.m. ET, from its previous trading price of 4.187% after a 2-basis-point rise.
Prices and yields move in opposite directions, with one basis point equal to 0.01%.
According to a survey by Dow Jones, economists predict that nonfarm payrolls will increase by 100,000 in October, which would be the smallest rise in nearly four years. In September, payrolls jumped by 254,000. The unemployment rate is expected to remain at 4.1%.
The Bureau of Labor Statistics will release data after ADP reported that private payrolls increased by 233,000 in October, exceeding September's figure and the predicted October figure.
On Friday, new information about the manufacturing industry will be revealed.
This week, investors have evaluated a series of significant economic reports, including the personal consumption expenditures price index and the Federal Reserve's preferred inflation measure on Thursday.
In September, the index increased by 2.1% on an annual basis and 0.2% from the previous month, which were both in line with the expectations of economists surveyed by Dow Jones.
The last key inflation insight to be published before the Fed makes its next interest rate decision on Nov. 7 was the PCE. LSEG data showed that markets were last widely pricing in a 25-basis-point rate cut from the central bank then.
Markets
You might also like
- Banco BPM to be Acquired by UniCredit for $10.5 Billion
- Can Saudi Arabia sustain its rapid spending on ambitious mega-projects?
- The cost of Russian food is increasing, yet nobody is accusing Putin or the conflict of the rise.
- In Laos, six travelers are believed to have died from methanol poisoning. This is where such incidents are most common.
- Precious metal investors are being distracted by the allure of the crypto rally, according to State Street.