U.S. Treasury yields edged higher on Thursday as investors look ahead to key jobs data and continue to monitor geopolitical developments.
As of 4:48 a.m. ET, the 10-year Treasury yield rose more than 1 basis point to 4.159%. Two-year bonds were almost unchanged at 3.467%. Meanwhile, the 30-year bond yield rose 3 basis points to 4.846%.
One basis point equals 0.01%, and yields and prices move in opposite directions.
Investors are looking forward to further economic data. Weekly new jobless claims will be released Thursday morning, and the U.S. Bureau of Labor Statistics’ nonfarm payrolls report is scheduled to be released Friday at 8:30 a.m. ET.
“While we remain cautious about the potential for seasonal distortions due to the holidays, it would still be helpful to have additional context on labor market conditions as we begin 2026 as the Fed’s January FOMC decision approaches,” Ian Lingen, head of U.S. rates strategy at BMO Capital Markets, said in a note about the jobless numbers.
Data collection by the BLS was impaired by the 43-day U.S. government shutdown last year. This will be the first on-schedule payroll report since the shutdown.
Economists surveyed by Dow Jones expect 73,000 new jobs to be added in the month, up from 64,000 in November, and the unemployment rate to fall to 4.5%.
Elsewhere, investors are also keeping an eye on geopolitical developments, such as the ongoing situation in Venezuela and US President Donald Trump’s desire to take over Greenland.
— Jeff Cox contributed to this report
