U.S. government debt prices were lower Friday morning, as investors await key jobs data.
Treasury yields tick higher as investors await jobs report

Treasury yields tick higher as investors await jobs report

Treasury yields tick higher as investors await jobs report

Treasury yields tick higher as investors await jobs report

Treasury yields tick higher as investors await jobs report

Treasury yields tick higher as investors await jobs report
Treasury yields tick higher as investors await jobs report
  • 2019-12-06 08:35:05 2 months ago
  • views: 7,961
  • By: cnbc.com
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  • At 02:50 a.m. ET, the benchmark 10-year Treasury note, which moves inversely to price, was higher at around 1.8034%, while the yield on the 30-year Treasury bond was also higher at around 2.2482%.
  • Market focus is largely attuned to global trade developments, following an upbeat tone from President Donald Trump.
  • On Thursday, Trump said the world's two largest economies were inching closer to a trade deal.

U.S. government debt prices  were lower Friday morning, as investors await key jobs data.

At 02:50 a.m. ET, the benchmark 10-year Treasury note, which moves inversely to price, was higher at around 1.8034%, while the yield on the 30-year Treasury bond was also higher at around 2.2482%.

Market focus is largely attuned to global trade developments, following an upbeat tone from President Donald Trump.

On Thursday, Trump said the world's two largest economies were inching closer to a trade deal. His comments come as investors continue to closely monitor the prospect of a so-called "phase one" trade agreement, with less than 10 days to go before Washington is poised to impose even more tariffs on Chinese goods.

Dec. 15 is the date when tariffs on another $156 billion in Chinese goods will go into effect.

On the data front, the Labor Department will release nonfarm payrolls for November at 8:30 a.m. ET.

The eagerly-anticipated figures are expected to show strong job growth last month, reflecting a temporary boost from returning General Motors autoworkers.

Unemployment rate data and average hourly wages for November will both be released at the same time. Consumer sentiment for December, wholesale trade figures for October and the latest reading of consumer credit will all follow slightly later in the session.

There are no U.S. Treasury auctions scheduled on Friday.

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Treasury yields tick higher as investors await jobs report