A wild week in Treasury markets is set to culminate with the U.S. payrolls report on Friday, and some investors believe benign data could bring calm after a selloff pushed government bonds to pre-financial crisis levels. Bond yields, which move inversely to prices, have surged due to expectations that interest rates will remain high because of a resilient economy, as well as concerns over rising fiscal deficits and increases in U.S. government bond supply. The selloff, which saw 10-year and 30-year yields hit their highest levels since 2007 earlier in the week, paused on Wednesday after the ADP National Employment Report showed U.S. private payrolls, one measure of U.S. jobs growth, increased less than expected last month.
A wild week in Treasury
markets is set to culminate with the U.S. payrolls report on
Friday, and some investors believe benign data could bring calm
after a selloff pushed government bonds to. -October 05, 2023 at 04:08 pm EDT
- MarketScreener