U.S. Treasury yields little changed ahead of August jobs data

  • U.S. Treasury yields held steady Friday ahead of August employment data.
  • The 10-year note yield was unchanged at 4.7541%.
  • Economists expect 56,000 jobs added with unemployment at 4.2%.

U.S. Treasury yields were little changed in early Friday trade as investors awaited August nonfarm payrolls and unemployment data due at 8:30 a.m. ET, a key input ahead of the Federal Reserve’s interest-rate decision on September 15-16. The 10-year Treasury note yield was unchanged at 4.7541%, the 2-year held at 4.3390%, and the 30-year was firm at 5.2328%. Economists polled by Reuters expect 56,000 jobs added after a 23,000 decline in July, with unemployment forecast at 4.2%, figures that differ from earlier Dow Jones polls citing about 53,000 to 58,000 jobs and a 4.1% jobless rate. The release follows Wednesday’s ADP report of 38,000 private-sector jobs versus 47,000 expected. Yields had eased Thursday, when the 10-year fell more than 2 basis points, and Vice President JD Vance called on the Fed to cut rates to make homes more affordable, with inflation data also due the following week.

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