Treasury Yields Rise Slightly as Investors Anticipate Inflation Reports
U.S. Treasury Yields Rise: Treasury yields increased on Wednesday, with the 10-year yield at 4.174% and the 2-year yield at 3.508%, as investors assessed recent economic data and awaited upcoming inflation figures.
Job Market Insights: The U.S. Bureau of Labor Statistics reported a decline in payrolls by 105,000 in October and an increase of 64,000 jobs in November, with the unemployment rate rising to 4.6%, the highest since September 2021.
Market Sentiment: Bob Elliott, CEO of Unlimited Funds, expressed that the slowing economy has dampened market hopes, suggesting that it may be prudent to shift investments from stocks to fixed income as the year concludes.
Anticipation of Inflation Data: Investors are closely watching for the consumer price index reading for November, which could further influence market dynamics.
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