- January 6, 2023
- Posted by: Stratford Team
- Category: Economy
U.S. Treasury yields were mixed on Friday as investors awaited key labor market data and looked to Federal Reserve speakers for hints about future central bank policy.
At 4:22 a.m. ET, the yield on the benchmark 10-year Treasury was up by less than a basis point to 3.7291%. The 2-year Treasury yield was up nearly two basis points to 4.4729%.
The yield on the 30-year Treasury dipped by around one basis point to 3.7881%.
Yields and prices move in opposite directions. One basis point equals 0.01%.
Nonfarm payroll data for December is due on Friday and is expected to show a slowdown of job growth. According to a Dow Jones survey, economists are expecting the U.S. economy to have added 200,000 jobs in December, down from 263,000 in November.
On Thursday, ADP’s private payrolls report showed that companies added 235,000 jobs in December, far more than the 153,000 previously estimated by Dow Jones.
Unemployment rate figures are also due Friday.
Tightness in the…