Reported 2 months ago
Treasury yields increased following positive data on initial jobless claims, which suggests a more stable labor market and reduced expectations for aggressive interest rate cuts. Despite some disappointing auction results for 10-year and 30-year bonds, traders adjusted their outlook, pricing in a smaller reduction in rates for September. As a result, the 10-year yield climbed to 4.02% and the 30-year yield reached 4.31%. Market sentiment remains cautious, amid ongoing concerns about potential recession.
Source: YAHOO