Treasury yields are little changed as investors await official May jobs data.
Treasury yields were little changed Friday as investors awaited official May jobs data from the U.S. Labor Department.
What yields are doing What’s driving the market Treasury yields have risen this week as investors penciled in expectations for the Federal Reserve to maintain a fast pace of interest-rate hikes this year as it attempts to rein in inflation. The jobs market remains tight. The number of new jobs the U.S. created in May is expected to slow to a 13-month low of 328,000, according to a poll of economists by The Wall Street Journal. By comparison, the economy has added at least 400,000 jobs a month in the past year, and its gained an average of 518,000 a month in 2022.
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