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11/16/2023, 4:45 PM (Source: TeleTrader)
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US Treasury yields drop after jobless claims reach August high

United States Treasury yields decreased on Thursday after a new labor market report showed that the number of jobless claims surpassed estimates by reaching 231,000, the highest figure since mid-August.

The latest data seemingly provided more assurance to markets that the Federal Reserve could take steps to ease monetary policy sooner than expected.

The return on the 10-year Treasury note declined 9.4 basis points to 4.443% at 10:43 am ET. The yield on the two-year note moved down 9.1 basis points to 4.825% at the same time. The return on the 30-year bond decreased 7.5 basis points to 4.617% at 10:43 am ET.

Baha Breaking News (BBN) / MS