On Thursday, U.S. Treasury yields remained relatively stable as investors evaluated economic data and considered the possibility of interest rate cuts. At 6:15 a.m. ET, the yield on the 10-year Treasury saw a slight increase of less than 1 basis point to 4.293%. The 2-year Treasury yield remained unchanged for the day at 4.734%.
Investors were closely monitoring the latest economic updates and awaited the release of the May jobs report later in the week. This report would include nonfarm payrolls data and the unemployment rate, providing valuable insights into the labor market’s current situation. In a recent report by ADP, private payrolls showed an increase of 152,000 in May, slightly lower than the expected 175,000. Job openings figures for April were also released earlier in the week, coming in at 8.059 million, the lowest in three years.
Additional economic data, including the ISM’s purchasing managers index for the services sector, provided further clues about