U.S. Treasury Yields Dip as Investors Seek Insights on Monetary Policy
Treasury Yields Movement: Treasury yields decreased on Friday, with the 10-year yield falling to 4.075%, as investors seek insights into the U.S. economy and monetary policy direction.
Job Market Insights: The delayed non-farm payrolls report indicated more job additions than expected in September, but the unemployment rate rose to 4.4%, the highest since October 2021.
Federal Reserve Rate Cut Expectations: Expectations for a December rate cut by the Federal Reserve have significantly decreased, with only a 35.1% chance now priced in by money markets.
Upcoming Economic Data: Investors are awaiting speeches from Fed officials and upcoming economic data releases, including Michigan Consumer Sentiment and S&P Global's Manufacturing PMI, for further insights into the economy.
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