2-year Treasury yield rises ahead of key January jobs report

2-year Treasury yield rises ahead of key January jobs report


U.S. Treasury yields were trading in mixed territory on Friday, as investors awaited key January jobs data which will provide fresh insights into the state of the labor market.

At 4:07 a.m. ET, the 10-year Treasury yield was down by less than one basis point to 4.436%. The 2-year Treasury yield was last at 4.2328% after rising by over two basis points.

Yields and prices move in opposite directions. One basis point is equivalent to 0.01%.

On Friday all eyes will be on January’s monthly jobs report, which includes nonfarm payrolls and unemployment data. Economists polled by Dow Jones are forecasting payrolls growth of 169,000 in January, down from the 256,000 jobs added in December. The unemployment rate is expected to stay unchanged at 4.1%.

While the data could signal that jobs creation is slowing, the broader view appears to be that the labor market is holding up well and will not become an issue for the Federal Reserve any time soon.

A stable employment picture will be welcomed by markets in light of the Fed likely keeping interest rates on hold for several more months as policymakers wait to see how U.S. President Donald Trump’s fiscal, economic and trade policies, including potential tariffs, shake out.

The report comes after payrolls processing firm ADP on Wednesday said that private companies created 183,000 jobs in January. This was higher than December’s revised figure of 176,000 and also exceeded expectations.

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.



Source

European stock markets rise amid U.S. tariff uncertainty
World

European stock markets rise amid U.S. tariff uncertainty

European stock markets broadly rise European stock markets broadly moved higher despite U.S. tariffs being re-imposed by U.S. courts. The Stoxx Europe 600 index is up 0.1%, the FTSE 100 added 0.4% and Germany’s DAX is higher by 0.3%. Meanwhile, France’s CAC 40 bucked the trend by declining 0.2% in early trade. — Ganesh Rao […]

Read More
CNBC Daily Open: Certainty of ‘reciprocal’ tariffs better than confusing legal tussle
World

CNBC Daily Open: Certainty of ‘reciprocal’ tariffs better than confusing legal tussle

A large number of commercial vehicles were assembled at Yantai Port for shipment and export overseas in Yantai City, Shandong Province, China, on April 24, 2025. CFOTO | Future Publishing | Getty Images A U.S. federal trade court striking down President Donald Trump’s “reciprocal” tariffs on a broad swathe of countries seems, on the surface, […]

Read More
Shein’s embattled IPO signals mounting troubles for fast fashion giant
World

Shein’s embattled IPO signals mounting troubles for fast fashion giant

Bus stop advertising for Chinese fashion company Shein on 4th May 2025 in London, United Kingdom. Mike Kemp | In Pictures | Getty Images Fast fashion giant Shein’s troubles continue to mount after its much anticipated London initial public offering (IPO) reportedly hit a fresh roadblock. The e-commerce behemoth is now aiming for a Hong […]

Read More