Treasury yields rose on Friday as investors awaited the release of key jobs data that could influence the Federal Reserve’s hawkish stance on monetary policy.
added 1 basis point to reach 2.157%. Yields move inversely to prices and 1 basis point is equal to 0.01%.
Alongside unemployment rate figures and average hourly wages data, the highly anticipated non-farm payrolls report is scheduled to be released at 8:30 a.m. ET. Economists expect that 150,000 jobs will have been added in January.slightly fewer than expectedClaims for the week ended Jan. 29 totaled 238,000, a touch lower than the 245,000 Dow Jones estimated, the Labor Department reported Thursday.that it could soon raise interest rates for the first time in more than three years.
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