8/1, 7:12 PM (Source: TeleTrader)
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US long-dated bond yields rise with data in focus

The yields on United States Treasury long-dated bonds jumped on Tuesday after the number of job openings in the country seemingly remained high despite landing at an over-two-year low, signaling that the supply and demand in the labor market have yet to come into better balance, contrary to what the Federal Reserve said it wants to accomplish. Furthermore, manufacturing data that also failed to meet expectations may have affected traders' confidence in the globe's biggest economy.

The return on the 30-year bond increased by 8.7 basis points to 4.103% at 1:07 pm ET, moments after reaching the strongest level since late 2022.

The return on the 10-year Treasury note was up 8.6 basis points to 4.043% at 1:06 pm ET and the yield on the two-year note rose by 2.1 basis points to 4.897% a minute later.

Baha Breaking News (BBN) / MS