10-year Treasury yield holds below 4.5% after softer-than-expected U.S. jobs data

U.S. Treasury yields were lower, continuing a fall after Friday's April jobs report showed weaker-than-expected payrolls growth and a rise in unemployment.

U.S. Treasury yields were lower Monday, continuing a fall after Friday's April jobs report showed weaker-than-expected payrolls growth and an unexpected tick higher in unemployment.yield was slightly lower to 4.8056%. Yields and prices move in opposite directions. One basis point is equivalent to 0.01%.by just 175,000 last month, the Bureau of Labor Statistics said on Friday, short of the Dow Jones estimate from economists of 240,000. The unemployment rate rose to 3.

Uncertainty about how many rate cuts, if any, will take place this year and when they might begin has grown in recent weeks, with many investors now expecting fewer cuts and not until later in the year. Friday's weak labor report could allow the Federal Reserve to move sooner to cut rates. On the economic front Monday, Richmond Fed president Tom Barkin and New York Fed president John Williams are both scheduled to speak.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

CNBC /  🏆 12. in US

Treasury Notes Economic Outlook Economy U.S. Economy Bonds U.S. 2 Year Treasury U.S. 10 Year Treasury Labor Economy Personnel Economic Events Government Debt Prices United States Business News

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

2024 Stagecoach kicks off in Indio. Here's what to knowStagecoach takes place Friday, April 26 through Sunday, April 28 in Indio.
Read more »

Longtime BalletMet dancer retires with 'Romeo and Juliet'BalletMet's 'Romeo and Juliet' runs five shows from Friday, April 26 through Sunday, April 28.
Read more »

WATCH: Opening day of NIOSA 2024NIOSA, or Night In Old San Antonio, runs from Tuesday, April 23 to Friday, April 26.
Read more »

Treasury yields little changed ahead of April jobs reportU.S. Treasury yields were slightly higher on Friday as investors awaited key labor market data that could provide hints about the state of the economy.
Read more »

Treasury yields inch higher ahead of April jobs reportU.S. Treasury yields were slightly higher on Friday as investors awaited key labor market data that could provide hints about the state of the economy.
Read more »

Here's what to expect from the April jobs report on FridayThe Bureau of Labor Statistics report drops at 8:30 a.m. ET.
Read more »