AI Image
Investors await key jobs report
CNBC • • general
Key Points:
- U.S. Treasury yields remained mostly steady on Friday as investors digested a week marked by a global bond selloff and anticipated the upcoming U.S. jobs report.
- The 10-year Treasury yield was slightly higher at 5.235%, while the 30-year yield held at 5.603%, near a 24-year high reached the previous day; the 2-year yield increased marginally to 4.8%.
- Global bond markets saw some relief with 10-year yields in major European economies dropping about 3 basis points after recent sharp increases driven by inflation concerns and hawkish central bank signals.
- Market participants awaited the September nonfarm payrolls report, expecting 84,000 new jobs and an unchanged unemployment rate of 4.1%, a key data point influencing Federal Reserve policy decisions.
- Traders are currently pricing in a 72% probability that the Federal Reserve will maintain interest rates at their current level during the October meeting, reflecting cautious sentiment amid resilient economic data.
