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Friday, January 10, 2020

Treasury yields are little changed ahead of key jobs data - CNBC

Treasury yields were flat on Friday as investors awaited a fresh batch of key economic data.

The yield on the benchmark 10-year Treasury note, which moves inversely to the price, was little changed at around 1.853%, while the yield on the 30-year Treasury bond was also flat at around 2.322%.

The Department of Labor will release employment figures for December at 8:30 a.m. ET.

Economists polled by Dow Jones expect U.S. nonfarm payrolls to grow by 160,000. That would be a slowdown from November, when the economy added 266,000 jobs with an unemployment rate of 3.5%.

Average hourly wages for December, unemployment rate figures for December and wholesale inventories for November will also be released Friday morning.

Market focus is largely attuned to geopolitical developments after the U.S. and Iran appeared to edge away from the brink of further conflict in the Middle East.

The House passed a resolution to limit President Donald Trump's war powers against Tehran on Thursday, with many lawmakers concerned about the prospect of another escalation following the U.S. killing of Iran's top general Qasem Soleimani last week.

On Wednesday, Trump said Iran appeared to be "standing down," adding that Washington would "immediately impose additional punishing economic sanctions on the state."

There are no major U.S. Treasury auctions scheduled on Friday.

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"Key" - Google News
January 10, 2020 at 02:42PM
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Treasury yields are little changed ahead of key jobs data - CNBC
"Key" - Google News
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