On Monday, U.S. Treasury yields rose as investors analyzed the latest jobs report and looked ahead to key economic data that could impact interest rates. At 4:39 a.m. ET, the 10-year Treasury yield was at its highest level this year, 4.4480%. The 2-year Treasury yield also increased to 4.7823%. Yields and prices move in opposite directions, with each basis point representing 0.01%.
The March jobs report showed a higher-than-expected increase of 303,000 nonfarm payrolls, raising concerns about whether interest rates will remain high for a longer period. This week, economic data including the consumer price index and producer price index for March will provide further insight into inflation trends. Additionally, several Fed officials are scheduled to speak this week and the minutes from the last Fed meeting will be released, offering investors more clarity on the central bank’s views and actions. Overall, investors are closely monitoring economic indicators and statements from policymakers to gauge the future direction of interest rates.
