Treasury yields fall as markets await key jobs report
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U.S. Treasury yields fell on Tuesday as investors prepared for a batch of key economic releases, including the November nonfarm payrolls report, unemployment numbers, and October retail sales.The benchmark 10-year Treasury yield declined around 1 basis point to 4.168%. The 2-year Treasury yield also fell over one basis point to 3.497%, while the 30-year Treasury bond yield slid less than a basis point to 4.846.One basis point is equivalent to 0.01%, and yields share an inverse relationship with prices.Nonfarm payrolls for November are expected to come in at 50,000, according to economists polled by Reuters, a sharp fall from the 119,000 reported in October. "Significant uncertainties remain around the U.S. policy rate, from a potentially lagged tariff pass-through to inflation to a possible uptick in unemployment and the choice of the next Fed chair," Eastspring Investments wrote in a daily note.November's unemployment rate is expected to hold steady at 4.4%, according to Reuters' poll. Retail sales for October are forecast to come in at 0.1%, compared to 0.2% in September.Another key event this week is the release of the November Consumer Price Index report on Thursday, which is expected to show that overall inflation rose to 3.1% year-over-year. Additionally, Thursday will bring weekly jobless claims data.Got a confidential news tip? We want to hear from you.Sign up for free newsletters and get more CNBC delivered to your inboxGet this delivered to your inbox, and more info about our products and services.© 2025 Versant Media, LLC.
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