U.S. Treasury yields rose on Friday as investors looked ahead to the release of the September jobs report, which could inform Federal Reserve monetary policy.
U.S. Treasury yields rose on Friday as investors looked ahead to the release of the September jobs report, which could inform upcoming Federal Reserve monetary policy decisions.Investors are awaiting fresh data from the labor market in form of the September jobs report, which comes after a series of jobs data was released earlier in the week and could affect monetary policy.
Economists surveyed by Dow Jones are expecting the jobs report to show that the U.S. economy added 170,000 jobs in September, which would beInvestors will be considering what the data could mean for interest rates. Should the report indicate continued tightness in the labor market, a further interest rate hike may be a possibility.
There have been mixed messages from policymakers about whether rates will need to go higher still to ease the economy, including the labor market, and cool inflation. However, Fed officials appear to widely expect rates to stay higher for longer.On Thursday, weekly initial jobless claims came in at 207,000 for the week ending Sept. 30, below the 210,000 Dow Jones estimate.
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