U.S. 10-year Treasury yield holds near 4.76% after volatile week as investors await jobs report

  • Investors awaited August payrolls data for signals about the Federal Reserve’s interest-rate path.
  • The 10-year Treasury yield held near 4.76%, up 5 basis points over five trading days.
  • Markets expected August payrolls to show roughly 56,000 jobs added.

The 10-year U.S. Treasury yield held near 4.76% on Friday after a volatile week and was up 5 basis points over the past five trading days. The benchmark yield touched a three-year high earlier in the week as energy prices climbed and Fed Chair Warsh delivered hawkish remarks, before Treasury prices rebounded and yields eased after Federal Reserve Governor Christopher Waller said inflation could slow. Investors were awaiting the August nonfarm payrolls report, due at 20:30 Beijing time, for signals on the Federal Reserve’s interest-rate path. Markets expected the report to show roughly 56,000 jobs added. The 30-year yield was previously reported at 5.245%, while traders had priced roughly even odds of the Fed holding rates steady later this month.

The information on this website is generated using AI and we cannot guarantee its accuracy. Please use it as reference information only.