Investors await busy week of economic data


U.S. Treasury yields rose early this week as investors anticipated a slew of economic data, including a delayed January jobs report.

At 2:48 a.m. ET, 10-Year Treasury Bond Yield rose 2.6 basis points to 4.232%, 30-year Treasury Bond The yield rose 2.7 basis points to 4.882%. this 2-Year Treasury Bond The note yield rose about 1 basis point to 3.504%.

1 basis point equals 0.01%, and the yield and price move in opposite directions.

Investors are expecting a slew of economic data this week, much of which has been delayed due to the partial U.S. government shutdown. This includes Nonfarm employment The January report was originally scheduled to be released last Friday, but the Bureau of Labor Statistics will now release it Wednesday morning.

The report expects 60,000 jobs to be added this month, following a gain of 50,000 jobs in December, according to economists surveyed by Dow Jones. The unemployment rate is expected to hold steady at 4.4%.

January’s consumer price index reading, also delayed by the government shutdown, will be released on Friday morning. Economists surveyed by Dow Jones noted that annual inflation fell back to 2.5%.

In addition to these reports, investors will await December retail sales data on Tuesday and weekly jobless claims data on Thursday. There is also a full list of Fed speakers this week, with Governors Christopher Waller and Stephen Millan set to speak on Monday.



Source link

  • Related Posts

    Senegal arrests 14 members of pedophile ring with links to France

    Police said the “transnational” criminal group had been operating since 2017. Source link

    53 migrants dead or missing in shipwreck off Libyan coast, UN agency says, with two babies among missing

    Geneva – The United Nations Migration Agency said on Monday that 53 people are dead or missing after a boat capsized in the Mediterranean Sea off the Libyan coast. Only…

    Leave a Reply

    Your email address will not be published. Required fields are marked *