The 2-year U.S. Treasury yield was higher as investors awaited key January jobs data which will provide fresh insights into the state of the labor market.
yield was last at 4.23% after rising by about two basis points. Yields and prices move in opposite directions. One basis point is equivalent to 0.01%., which includes nonfarm payrolls and unemployment data.
The latest consumer sentiment report will also be published on Friday. Attention will then shift from this week's jobs data to another key data point slated for next week — the January consumer and wholesale inflation figures.'No button' Scott Bessent can push to lower long-term rates in a meaningful way
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