Treasury yields were higher on Monday as investors awaited economic data, expected to be published through the week, including labor and manufacturing insights.
Treasury yields were little changed on Monday as investors awaited economic data, expected to be published through the week, including labor and manufacturing insights.24/7 San Diego news stream: Watch NBC 7 free wherever you are
Investors are keenly anticipating labor data which will offer insights about the strength of the U.S. economy.First, the Job Openings and Labor Turnover Survey for October will be published on Wednesday and provide estimates of the number of job openings, hires, layoffs, and quits.will be published on Friday and is expected to show that the U.S. economy added 177,500 jobs last month, per FactSet's consensus estimate, up from 12,000 jobs in October.
Meanwhile, on Monday investors are expecting the ISM Manufacturing PMI report for November, which will offer insights about the health of the manufacturing economy. A PMI reading above 50% indicates an expanding manufacturing economy while below 50% suggests a decline. Several Fed officials are expected to give speeches through the week, including Fed governor Christopher Waller on Monday, then Fed chair Jerome Powell on Wednesday, which investors will monitor closely for hints about future interest rate cuts.
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